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.
UILTON
tsmoetu nktreod exinset iaplt nvrmosmepe to gir the pryore on the ilu-ante akrt for the tri ie. nroesvmemp ee retdag at nrscaige the teetntsvicar of the rypore to a gwroi mla anet rtka. soeepmmvnr dlducn a meopel otaenivn of all igldui ibsbo and ossrtoe to “ynout bl” rdastan, astllgni an on-ei ie, intes netr, and orenefne rten. oesttmu tiu out pc fife situ and cevhdi DE-CS rliv drsnata on one of the iiunsdl.
YAKWAE
eeh vsnmoemepr seudlt in the tseinxn of and ear craeen in sen to itsigx esnan and the eea up of uh of the te of the roeyrp to iputel asnen, clignud 130,000 ueqa te to srehea in tino. ytteiaml, asrehe in nito auchdrs the enit yrproe gtutri to ocee its U.S. de-sterua.
UILTON
tsmoetu nktreod exinset iaplt nvrmosmepe to gir the pryore on the ilu-ante akrt for the tri ie. nroesvmemp ee retdag at nrscaige the teetntsvicar of the rypore to a gwroi mla anet rtka. soeepmmvnr dlducn a meopel otaenivn of all igldui ibsbo and ossrtoe to “ynout bl” rdastan, astllgni an on-ei ie, intes netr, and orenefne rten. oesttmu tiu out pc fife situ and cevhdi DE-CS rliv drsnata on one of the iiunsdl.
YAKWAE
eeh vsnmoemepr seudlt in the tseinxn of and ear craeen in sen to itsigx esnan and the eea up of uh of the te of the roeyrp to iputel asnen, clignud 130,000 ueqa te to srehea in tino. ytteiaml, asrehe in nito auchdrs the enit yrproe gtutri to ocee its U.S. de-sterua.
View All
