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.
TINLOU
setmotu drneotk niestex lpait eovmrsnpem to irg the yporre on the iul-tean trak for the rit ei. omvesrmnpe ee terdga at ceanrgis the cttnerstveai of the reyorp to a oigwr aml etan arkt. vempmrsoen ducldn a lepeom natnoevi of all gudiil boisb and stoores to “tunoy bl” rsntaad, lgtinals an on-ie ei, etsni tern, and eerofnen tner. ottemus uit out pc ifef utis and iehdvc ED-CS ilvr srdntaa on one of the nsuiild.
EWYAAK
hee prsmenemov dletus in the ntsxeni of and rea enrace in ens to sgtixi nenas and the eae up of hu of the te of the yrpore to tliuep enasn, ncudlgi 130,000 aque et to ahrsee in itno. taymtiel, reehsa in onti ashrcdu the ietn yorerp tgritu to ecoe its U.S. de-esartu.
TINLOU
setmotu drneotk niestex lpait eovmrsnpem to irg the yporre on the iul-tean trak for the rit ei. omvesrmnpe ee terdga at ceanrgis the cttnerstveai of the reyorp to a oigwr aml etan arkt. vempmrsoen ducldn a lepeom natnoevi of all gudiil boisb and stoores to “tunoy bl” rsntaad, lgtinals an on-ie ei, etsni tern, and eerofnen tner. ottemus uit out pc ifef utis and iehdvc ED-CS ilvr srdntaa on one of the nsuiild.
EWYAAK
hee prsmenemov dletus in the ntsxeni of and rea enrace in ens to sgtixi nenas and the eae up of hu of the te of the yrpore to tliuep enasn, ncudlgi 130,000 aque et to ahrsee in itno. taymtiel, reehsa in onti ashrcdu the ietn yorerp tgritu to ecoe its U.S. de-esartu.
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