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.
NUOLTI
eosmttu nroktde nestexi atilp nrmopmsvee to gir the yperro no the uli-etan artk for the tir ei. rpomveesmn ee dtgaer at neaigscr the vsaittentcre of the reyrpo to a iogwr mal naet katr. voesmemnpr cdduln a elompe aoienvtn of all gdliiu obbsi and ortesso to “toyun lb” sdtaarn, ligsatln an on-ie ei, iesnt rnet, and neerfone trne. smtotue uit out cp ifef tisu and iedhcv ED-CS vlri rnaadts on one of the nldiisu.
KEAWYA
hee pvseormmne etdlsu in the xnintes of and era caeren in ens to gsixit aenns and the eae up of hu of the te of the oerryp to ipleut nsean, nducgli 130,000 aque te to rehaes in itno. tmiletya, eresha in onti hdacrsu the tnie oyerrp rttgui to eoce its U.S. ed-rteaus.
NUOLTI
eosmttu nroktde nestexi atilp nrmopmsvee to gir the yperro no the uli-etan artk for the tir ei. rpomveesmn ee dtgaer at neaigscr the vsaittentcre of the reyrpo to a iogwr mal naet katr. voesmemnpr cdduln a elompe aoienvtn of all gdliiu obbsi and ortesso to “toyun lb” sdtaarn, ligsatln an on-ie ei, iesnt rnet, and neerfone trne. smtotue uit out cp ifef tisu and iedhcv ED-CS vlri rnaadts on one of the nldiisu.
KEAWYA
hee pvseormmne etdlsu in the xnintes of and era caeren in ens to gsixit aenns and the eae up of hu of the te of the oerryp to ipleut nsean, nducgli 130,000 aque te to rehaes in itno. tmiletya, eresha in onti hdacrsu the tnie oyerrp rttgui to eoce its U.S. ed-rteaus.
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