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.
NLIUOT
mttsoeu odkrent xenesit latpi enmoepmvrs to igr the eoyrrp no the uli-ntea trka for the rti ei. mnopeemvsr ee agerdt at gnsairec the ecisnrevtatt of the rpyeor to a rigow aml neat ktra. romemsevpn ldducn a opeelm toeinnav of all liugdi bbsio and seotsor to “unoty bl” sandrta, altnsigl an on-ei ei, tnesi ertn, and enorefne netr. tmoeuts iut out pc ieff tsui and ihdvce ED-CS lriv ratadns on one of the dliusni.
YAEAWK
ehe eovnmrmspe esutld in the ixnsnet of and aer raeecn in ens to gxiist ennas and the aee up of uh of the et of the oyprer to iutple easnn, cigdnlu 130,000 quea et to eraseh in tnio. yeimlatt, eaersh in toni huacsdr the tien yorerp igurtt to eoec its U.S. de-asuret.
NLIUOT
mttsoeu odkrent xenesit latpi enmoepmvrs to igr the eoyrrp no the uli-ntea trka for the rti ei. mnopeemvsr ee agerdt at gnsairec the ecisnrevtatt of the rpyeor to a rigow aml neat ktra. romemsevpn ldducn a opeelm toeinnav of all liugdi bbsio and seotsor to “unoty bl” sandrta, altnsigl an on-ei ei, tnesi ertn, and enorefne netr. tmoeuts iut out pc ieff tsui and ihdvce ED-CS lriv ratadns on one of the dliusni.
YAEAWK
ehe eovnmrmspe esutld in the ixnsnet of and aer raeecn in ens to gxiist ennas and the aee up of uh of the et of the oyprer to iutple easnn, cigdnlu 130,000 quea et to eraseh in tnio. yeimlatt, eaersh in toni huacsdr the tien yorerp igurtt to eoec its U.S. de-asuret.
View All
