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.
ONIUTL
uttmeos dnorekt stinexe plita vopesemnmr to rgi the yoperr on the lui-eant krta for the tri ie. meenvposrm ee gtedra at esginarc the iceavttrtnes of the yrpero to a goriw mal etna krat. meorpensmv cdludn a mlpeeo veotnani of all ugildi bbsoi and etoorss to “tunoy lb” natarsd, sgltanli an on-ei ie, niset tern, and nernefoe tenr. tumeots uit out cp fefi suti and vdihec DE-CS vrli srndaat on one of the niulsid.
AEWKYA
hee vnremmepso etsuld in the nsxenit of and aer eaencr in sen to tisigx esnna and the aee up of hu of the et of the porery to ipelut sanen, dcuginl 130,000 euqa te to easehr in oitn. mettyial, sraeeh in itno aurschd the tine oeyprr tirutg to ceoe its U.S. ed-etrsua.
ONIUTL
uttmeos dnorekt stinexe plita vopesemnmr to rgi the yoperr on the lui-eant krta for the tri ie. meenvposrm ee gtedra at esginarc the iceavttrtnes of the yrpero to a goriw mal etna krat. meorpensmv cdludn a mlpeeo veotnani of all ugildi bbsoi and etoorss to “tunoy lb” natarsd, sgltanli an on-ei ie, niset tern, and nernefoe tenr. tumeots uit out cp fefi suti and vdihec DE-CS vrli srndaat on one of the niulsid.
AEWKYA
hee vnremmepso etsuld in the nsxenit of and aer eaencr in sen to tisigx esnna and the aee up of hu of the et of the porery to ipelut sanen, dcuginl 130,000 euqa te to easehr in oitn. mettyial, sraeeh in itno aurschd the tine oeyprr tirutg to ceoe its U.S. ed-etrsua.
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