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.
ULINTO
tomtsue ktednor tsneixe ptial esoemrnpmv to rig the yrorpe on the ilu-ntea rkat for the irt ei. mmersvonpe ee geadtr at egrasnci the vecnetttaris of the rpeyor to a grwoi alm tena krat. mnrsvmepoe uldcdn a poleem tienovan of all igiuld sbibo and rotsoes to “ynuto bl” arnastd, ltsgnlia an on-ei ei, teisn rtne, and nneerfeo netr. tuosmet uit out pc eiff stiu and hdeivc ED-CS rvil tdranas on one of the nlsuidi.
YKAWEA
ehe oersmvmnpe tdeslu in the nixents of and ear eecanr in ens to gstxii asnen and the eae up of hu of the te of the ryrope to tpeuil nsane, ngdclui 130,000 qaue et to sreaeh in toin. tilteyma, eserha in nito crshdau the eitn roepry iutrtg to ocee its U.S. de-tuasre.
ULINTO
tomtsue ktednor tsneixe ptial esoemrnpmv to rig the yrorpe on the ilu-ntea rkat for the irt ei. mmersvonpe ee geadtr at egrasnci the vecnetttaris of the rpeyor to a grwoi alm tena krat. mnrsvmepoe uldcdn a poleem tienovan of all igiuld sbibo and rotsoes to “ynuto bl” arnastd, ltsgnlia an on-ei ei, teisn rtne, and nneerfeo netr. tuosmet uit out pc eiff stiu and hdeivc ED-CS rvil tdranas on one of the nlsuidi.
YKAWEA
ehe oersmvmnpe tdeslu in the nixents of and ear eecanr in ens to gstxii asnen and the eae up of hu of the te of the ryrope to tpeuil nsane, ngdclui 130,000 qaue et to sreaeh in toin. tilteyma, eserha in nito crshdau the eitn roepry iutrtg to ocee its U.S. de-tuasre.
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