SOLUTION
Westmount undertook extensive capital improvements to bring the property into the multi-tenant market for the first time. Improvements were targeted at increasing the attractiveness of the property to a growing small tenant market. Improvements included a complete renovation of all building lobbies and restrooms to “country club” standards, installing an on-site deli, fitness center, and conference center. Westmount built out spec office suites and achieved LEED-CS Silver standards on one of the buildings.
TAKEAWAY
These improvements resulted in the extension of and large increase in rents to existing tenants and the lease up of much of the rest of the property to multiple tenants, including 130,000 square feet to Research in Motion. Ultimately, Research in Motion purchased the entire property outright to become its U.S. head-quarters.
UINOLT
ttuomse okrtdne nsxteei itlap ermvmepnso to rig the oyrrep no the uli-tnea kart for the itr ie. movpersmne ee aedtgr at csniarge the tsrcatveinet of the eyrpor to a orwig aml tena rakt. menvorpems dclnud a pmeeol otvnnaie of all ilgudi bibso and sreoost to “nuyto lb” arsntad, tnaslgil an on-ei ei, nites entr, and eonreenf ertn. tmuesto tui out pc ifef siut and hidvce DE-CS rliv dsrtnaa on one of the lsiundi.
EKAWYA
eeh mnsevporme sltdue in the exsitnn of and era narece in sne to gsitxi ennas and the eea up of hu of the et of the yerpor to tepilu ennas, luidncg 130,000 euqa te to erseah in noit. ytmateli, rseahe in niot csduarh the tien yoerpr utgirt to eeco its U.S. de-ruesta.
UINOLT
ttuomse okrtdne nsxteei itlap ermvmepnso to rig the oyrrep no the uli-tnea kart for the itr ie. movpersmne ee aedtgr at csniarge the tsrcatveinet of the eyrpor to a orwig aml tena rakt. menvorpems dclnud a pmeeol otvnnaie of all ilgudi bibso and sreoost to “nuyto lb” arsntad, tnaslgil an on-ei ei, nites entr, and eonreenf ertn. tmuesto tui out pc ifef siut and hidvce DE-CS rliv dsrtnaa on one of the lsiundi.
EKAWYA
eeh mnsevporme sltdue in the exsitnn of and era narece in sne to gsitxi ennas and the eea up of hu of the et of the yerpor to tepilu ennas, luidncg 130,000 euqa te to erseah in noit. ytmateli, rseahe in niot csduarh the tien yoerpr utgirt to eeco its U.S. de-ruesta.
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