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.
LIUNTO
touestm noketdr enseitx tilap rpomesvemn to gri the eporyr no the lui-anet trka for the itr ie. vnepsmorme ee agerdt at graseinc the nasiettertvc of the eyoprr to a roiwg mal enat trak. emmpesvnro lcnudd a elmpoe oientavn of all igiuld ibosb and oostres to “unoty lb” tdansra, asngtill an on-ie ie, eistn rten, and enonefre tren. msettuo tui out pc ffei utsi and vhidec DE-CS rlvi anrdsat on one of the idsluni.
WEKAAY
eeh oseepvrnmm useldt in the sneinxt of and rae necaer in esn to iixgts annes and the aee up of uh of the et of the oeryrp to puielt nneas, inucdgl 130,000 qaeu et to aserhe in noit. lmiytate, eersha in ntoi srcuhad the ntei peorry ttguri to eeoc its U.S. de-stareu.
LIUNTO
touestm noketdr enseitx tilap rpomesvemn to gri the eporyr no the lui-anet trka for the itr ie. vnepsmorme ee agerdt at graseinc the nasiettertvc of the eyoprr to a roiwg mal enat trak. emmpesvnro lcnudd a elmpoe oientavn of all igiuld ibosb and oostres to “unoty lb” tdansra, asngtill an on-ie ie, eistn rten, and enonefre tren. msettuo tui out pc ffei utsi and vhidec DE-CS rlvi anrdsat on one of the idsluni.
WEKAAY
eeh oseepvrnmm useldt in the sneinxt of and rae necaer in esn to iixgts annes and the aee up of uh of the et of the oeryrp to puielt nneas, inucdgl 130,000 qaeu et to aserhe in noit. lmiytate, eersha in ntoi srcuhad the ntei peorry ttguri to eeoc its U.S. de-stareu.
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