Case Study 3

Download Case Study arrow_right_icon
  • 2011

    ACQUISITION YEAR

  • 1

    YEARS HELD

  • 246K

    TOTAL SQUARE FOOTAGE

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.

ONTLUI

smtoeut rtdkneo nexetsi tplai esnrmpmeov to irg the rrepyo on the ilu-neat kart for the tir ie. permomsevn ee agedtr at irsgeacn the irvttnaescte of the proyre to a irowg mla nate takr. oemrvpnsem dcunld a poeeml otinvena of all giilud sibob and trssooe to “uonty bl” natrads, agltnlis an on-ei ie, tenis tern, and eneefnro tnre. tetsumo tui out pc fefi utsi and hdciev DE-CS ivlr arntads on one of the ilsdinu.

YEAWKA

eeh menvroepsm dtuels in the tixnnes of and rae ecrane in esn to gsitxi nnase and the eea up of uh of the te of the oeyprr to puitle neasn, udgnlic 130,000 equa te to eaersh in ntio. tamitlye, sraehe in otin rdhusac the niet poeryr iutrgt to oeec its U.S. ed-taeusr.

ONTLUI

smtoeut rtdkneo nexetsi tplai esnrmpmeov to irg the rrepyo on the ilu-neat kart for the tir ie. permomsevn ee agedtr at irsgeacn the irvttnaescte of the proyre to a irowg mla nate takr. oemrvpnsem dcunld a poeeml otinvena of all giilud sibob and trssooe to “uonty bl” natrads, agltnlis an on-ei ie, tenis tern, and eneefnro tnre. tetsumo tui out pc fefi utsi and hdciev DE-CS ivlr arntads on one of the ilsdinu.

YEAWKA

eeh menvroepsm dtuels in the tixnnes of and rae ecrane in esn to gsitxi nnase and the eea up of uh of the te of the oeyprr to puitle neasn, udgnlic 130,000 equa te to eaersh in ntio. tamitlye, sraehe in otin rdhusac the niet poeryr iutrgt to oeec its U.S. ed-taeusr.

Want Full Access To The Case Study?

Get Exclusive Insights and Learn More about our Successful Strategies





Email
Phone



Call Us Today(972) 373-4548