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.
ITULNO
musteot oretdnk eitxnes tapli mervspmeno to gri the perroy no the iul-taen aktr for the rit ei. smoevepnmr ee tadrge at naicesgr the csneavtrtite of the reryop to a wgiro mal etan kart. nrmsmvopee dlundc a epmelo natinevo of all ldgiiu sbiob and erossot to “tonyu lb” sartand, ilagnlts an on-ei ei, teisn ntre, and eeeornnf ntre. mouttes uit out cp eiff usti and deihvc DE-CS livr aasrtnd on one of the sliidnu.
KAAEWY
eeh rvmnpeomse eulsdt in the nixntes of and era crneae in esn to sitgix nsean and the eae up of uh of the et of the yerpro to tpieul saenn, cnigdul 130,000 uqea et to eresha in tino. almyeitt, sraeeh in tnoi audhcsr the ietn ryepor rttiug to eceo its U.S. de-uatres.
ITULNO
musteot oretdnk eitxnes tapli mervspmeno to gri the perroy no the iul-taen aktr for the rit ei. smoevepnmr ee tadrge at naicesgr the csneavtrtite of the reryop to a wgiro mal etan kart. nrmsmvopee dlundc a epmelo natinevo of all ldgiiu sbiob and erossot to “tonyu lb” sartand, ilagnlts an on-ei ei, teisn ntre, and eeeornnf ntre. mouttes uit out cp eiff usti and deihvc DE-CS livr aasrtnd on one of the sliidnu.
KAAEWY
eeh rvmnpeomse eulsdt in the nixntes of and era crneae in esn to sitgix nsean and the eae up of uh of the et of the yerpro to tpieul saenn, cnigdul 130,000 uqea et to eresha in tino. almyeitt, sraeeh in tnoi audhcsr the ietn ryepor rttiug to eceo its U.S. de-uatres.
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