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.
NUTILO
tuomste oedkrtn eentxis pltai pmnserovem to rgi the rreopy no the iul-taen ktra for the rit ie. vspmnemeor ee egardt at igresnca the vtrsacenetti of the erpryo to a gwroi lma tane krta. mosemnvpre dcudnl a olpeem aitennov of all lidiug isbbo and soretso to “ntuoy bl” atnasdr, tiglsanl an on-ei ie, ietns tnre, and fneeroen ernt. sutomet itu out pc ifef iust and dchive ED-CS lirv strnaad on one of the dsinilu.
YAWAEK
ehe nmeevosmrp seutdl in the iensnxt of and rae cerean in esn to tgixis nsean and the eea up of hu of the et of the rypreo to ptulei asnne, uidgnlc 130,000 eauq te to saeher in inot. lmiytate, sarhee in onit dsurcha the enti eyporr rigtut to oeec its U.S. de-esatru.
NUTILO
tuomste oedkrtn eentxis pltai pmnserovem to rgi the rreopy no the iul-taen ktra for the rit ie. vspmnemeor ee egardt at igresnca the vtrsacenetti of the erpryo to a gwroi lma tane krta. mosemnvpre dcudnl a olpeem aitennov of all lidiug isbbo and soretso to “ntuoy bl” atnasdr, tiglsanl an on-ei ie, ietns tnre, and fneeroen ernt. sutomet itu out pc ifef iust and dchive ED-CS lirv strnaad on one of the dsinilu.
YAWAEK
ehe nmeevosmrp seutdl in the iensnxt of and rae cerean in esn to tgixis nsean and the eea up of hu of the et of the rypreo to ptulei asnne, uidgnlc 130,000 eauq te to saeher in inot. lmiytate, sarhee in onit dsurcha the enti eyporr rigtut to oeec its U.S. de-esatru.
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