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.
ULNOTI
mtteosu ekrtndo extnies tapil nvmsemopre to rig the ypoerr on the liu-tane kart for the rti ei. rmoevsnpem ee raedtg at rgiaescn the icevrnasttte of the rypore to a orwgi mla eatn tark. ompnmsveer ldudnc a pemole tianvoen of all udigli ibsbo and etorsos to “yunot bl” ardtnas, isgnaltl an on-ie ie, sietn tnre, and eofnrnee nert. teustom iut out cp ifef tsui and hcidve ED-CS ilvr rtnaasd on one of the islinud.
YEAKAW
hee mrevnpomse ldseut in the exnsnti of and rea earnec in sne to tsigix snena and the eae up of hu of the et of the reoyrp to ietpul nasen, nugcidl 130,000 quae et to aerhse in otni. tmtialey, hsaere in niot hdruacs the enti peoyrr tguitr to eoec its U.S. ed-eutras.
ULNOTI
mtteosu ekrtndo extnies tapil nvmsemopre to rig the ypoerr on the liu-tane kart for the rti ei. rmoevsnpem ee raedtg at rgiaescn the icevrnasttte of the rypore to a orwgi mla eatn tark. ompnmsveer ldudnc a pemole tianvoen of all udigli ibsbo and etorsos to “yunot bl” ardtnas, isgnaltl an on-ie ie, sietn tnre, and eofnrnee nert. teustom iut out cp ifef tsui and hcidve ED-CS ilvr rtnaasd on one of the islinud.
YEAKAW
hee mrevnpomse ldseut in the exnsnti of and rea earnec in sne to tsigix snena and the eae up of hu of the et of the reoyrp to ietpul nasen, nugcidl 130,000 quae et to aerhse in otni. tmtialey, hsaere in niot hdruacs the enti peoyrr tguitr to eoec its U.S. ed-eutras.
View All
