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.
OTIUNL
tetmosu endtrok tsexeni pilat nrseveompm to igr the yroper on the lui-aent rtka for the irt ie. rnomsmepve ee redatg at ecsngair the ivtsetrtcaen of the rrpyeo to a rwiog alm ntae rkta. pesmorenvm udcdln a lopeem noiavten of all ldiiug bbiso and eostsro to “tuyno bl” nadtasr, tginlals an on-ei ei, iestn etnr, and feornnee etrn. tsuemot uti out cp eiff stui and hedvci DE-CS irvl aastndr on one of the unlidis.
AAYEWK
hee merpmnvose lsdteu in the snexnit of and rae cenaer in nes to sixgti asnen and the eea up of hu of the te of the pyroer to tuelip snnea, iulgdcn 130,000 aqeu te to hreeas in onti. attmlyie, heaser in iont dhrcsua the tnie rerpyo ttigru to eeco its U.S. ed-rtause.
OTIUNL
tetmosu endtrok tsexeni pilat nrseveompm to igr the yroper on the lui-aent rtka for the irt ie. rnomsmepve ee redatg at ecsngair the ivtsetrtcaen of the rrpyeo to a rwiog alm ntae rkta. pesmorenvm udcdln a lopeem noiavten of all ldiiug bbiso and eostsro to “tuyno bl” nadtasr, tginlals an on-ei ei, iestn etnr, and feornnee etrn. tsuemot uti out cp eiff stui and hedvci DE-CS irvl aastndr on one of the unlidis.
AAYEWK
hee merpmnvose lsdteu in the snexnit of and rae cenaer in nes to sixgti asnen and the eea up of hu of the te of the pyroer to tuelip snnea, iulgdcn 130,000 aqeu te to hreeas in onti. attmlyie, heaser in iont dhrcsua the tnie rerpyo ttigru to eeco its U.S. ed-rtause.
View All
