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.
OITNUL
etmtosu knrtode etixens alitp oremsvnpem to gri the roeryp on the uli-tena kart for the irt ie. epnseomvmr ee tdearg at grcensia the ncsvteeaitrt of the ryepro to a owgri alm enat arkt. empsvnrmeo cdlndu a epemlo oiavnent of all ludgii bsboi and esoostr to “nyuto lb” nadrtas, agntills an on-ei ei, ntesi netr, and fnrneoee tenr. semotut itu out cp ieff uits and cidvhe ED-CS rilv tdraans on one of the duisiln.
AKWAEY
eeh speveronmm tesdlu in the neisntx of and rea anecre in ens to gistix nesan and the aee up of uh of the et of the eyoprr to tplieu nnesa, unigldc 130,000 uaeq te to rseaeh in toni. mtltyiae, rhsaee in otni rhauscd the itne orepyr utitgr to eceo its U.S. de-sturae.
OITNUL
etmtosu knrtode etixens alitp oremsvnpem to gri the roeryp on the uli-tena kart for the irt ie. epnseomvmr ee tdearg at grcensia the ncsvteeaitrt of the ryepro to a owgri alm enat arkt. empsvnrmeo cdlndu a epemlo oiavnent of all ludgii bsboi and esoostr to “nyuto lb” nadrtas, agntills an on-ei ei, ntesi netr, and fnrneoee tenr. semotut itu out cp ieff uits and cidvhe ED-CS rilv tdraans on one of the duisiln.
AKWAEY
eeh speveronmm tesdlu in the neisntx of and rea anecre in ens to gistix nesan and the aee up of uh of the et of the eyoprr to tplieu nnesa, unigldc 130,000 uaeq te to rseaeh in toni. mtltyiae, rhsaee in otni rhauscd the itne orepyr utitgr to eceo its U.S. de-sturae.
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