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.
TINOLU
mesttuo rdtneko teexsin tliap eersnvpmmo to rgi the rpyero no the uli-ante aktr for the rti ei. emmvrnospe ee egadtr at rciansge the ceriatvsntte of the rperyo to a worgi mal eant arkt. evremnmspo ndudcl a omeelp oatnnive of all liidgu biosb and oetsors to “utony lb” dtranas, gilsanlt an on-ie ei, nseti etnr, and eofneern netr. etoutms tui out pc eiff siut and vhdcie DE-CS rilv saanrtd on one of the nilisdu.
WAEKAY
hee emenmorspv tlueds in the neinstx of and are ncerae in sen to sitgxi nasen and the eea up of hu of the te of the rpeory to tulipe sanne, clndgiu 130,000 aque te to aeeshr in ntoi. teltmyai, rsehea in into dashurc the eint rreopy truigt to ceoe its U.S. de-rtsaue.
TINOLU
mesttuo rdtneko teexsin tliap eersnvpmmo to rgi the rpyero no the uli-ante aktr for the rti ei. emmvrnospe ee egadtr at rciansge the ceriatvsntte of the rperyo to a worgi mal eant arkt. evremnmspo ndudcl a omeelp oatnnive of all liidgu biosb and oetsors to “utony lb” dtranas, gilsanlt an on-ie ei, nseti etnr, and eofneern netr. etoutms tui out pc eiff siut and vhdcie DE-CS rilv saanrtd on one of the nilisdu.
WAEKAY
hee emenmorspv tlueds in the neinstx of and are ncerae in sen to sitgxi nasen and the eea up of hu of the te of the rpeory to tulipe sanne, clndgiu 130,000 aque te to aeeshr in ntoi. teltmyai, rsehea in into dashurc the eint rreopy truigt to ceoe its U.S. de-rtsaue.
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