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.
NILUTO
oustmet renokdt sixneet palit roepnevmms to rgi the oeyrpr no the liu-tean krta for the itr ie. mesnevmorp ee dergta at ngsicrae the atcietetnrvs of the orryep to a ogwri alm tane rkta. ovemmsrepn lnuddc a moeelp aivotnne of all gidilu bobis and etssoor to “otuyn lb” drsnaat, anlltsgi an on-ei ie, tnsie nret, and nefreeon tren. tusoemt itu out pc feif tius and dehvic ED-CS virl tsnarad on one of the iinulsd.
YAEWAK
eeh mevospnrem ldsteu in the nsintxe of and aer enerca in nse to xtiigs senna and the eea up of hu of the et of the peryor to tulepi ansne, nciguld 130,000 uqea et to ahrees in ntoi. atyielmt, aesehr in into saurhdc the ntie rroyep utgrit to eoce its U.S. de-searut.
NILUTO
oustmet renokdt sixneet palit roepnevmms to rgi the oeyrpr no the liu-tean krta for the itr ie. mesnevmorp ee dergta at ngsicrae the atcietetnrvs of the orryep to a ogwri alm tane rkta. ovemmsrepn lnuddc a moeelp aivotnne of all gidilu bobis and etssoor to “otuyn lb” drsnaat, anlltsgi an on-ei ie, tnsie nret, and nefreeon tren. tusoemt itu out pc feif tius and dehvic ED-CS virl tsnarad on one of the iinulsd.
YAEWAK
eeh mevospnrem ldsteu in the nsintxe of and aer enerca in nse to xtiigs senna and the eea up of hu of the et of the peryor to tulepi ansne, nciguld 130,000 uqea et to ahrees in ntoi. atyielmt, aesehr in into saurhdc the ntie rroyep utgrit to eoce its U.S. de-searut.
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