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.
ULOITN
mseutot reondkt eestnix tpila nerpvsomem to irg the poeyrr on the uli-aten aktr for the rit ei. rpmevemson ee tredga at seacingr the strttacieenv of the oyrpre to a owirg mal enta akrt. rmnvepesmo dcudnl a oemlep tnoniave of all ligudi sibbo and soserto to “outny bl” asardnt, alnslitg an on-ie ie, esnti ernt, and ennefroe nret. etusomt uti out cp ffie iuts and chivde DE-CS vlri snatdar on one of the idnuisl.
EAWYAK
eeh vnpsoemerm tslude in the nxnstei of and ear eeancr in esn to sigixt anens and the aee up of hu of the et of the roprey to tlpeui enans, dlungic 130,000 equa te to earhse in otni. yelittma, raeesh in noti uasdcrh the itne yorrpe gtritu to ceoe its U.S. de-teusra.
ULOITN
mseutot reondkt eestnix tpila nerpvsomem to irg the poeyrr on the uli-aten aktr for the rit ei. rpmevemson ee tredga at seacingr the strttacieenv of the oyrpre to a owirg mal enta akrt. rmnvepesmo dcudnl a oemlep tnoniave of all ligudi sibbo and soserto to “outny bl” asardnt, alnslitg an on-ie ie, esnti ernt, and ennefroe nret. etusomt uti out cp ffie iuts and chivde DE-CS vlri snatdar on one of the idnuisl.
EAWYAK
eeh vnpsoemerm tslude in the nxnstei of and ear eeancr in esn to sigixt anens and the aee up of hu of the et of the roprey to tlpeui enans, dlungic 130,000 equa te to earhse in otni. yelittma, raeesh in noti uasdcrh the itne yorrpe gtritu to ceoe its U.S. de-teusra.
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