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.
TIOULN
ettsomu ektnodr eitsxne ptial mvemorpesn to gir the rpyero no the uil-enat rtak for the tir ei. mopnrevsem ee graedt at secagirn the teritctaesvn of the yrorep to a rwoig lam naet tark. memrnospve udcnld a peeolm navntieo of all uilidg obsbi and rosetos to “yntuo bl” antdrsa, ainslltg an on-ie ie, nseit tenr, and eonrfnee tner. oesttmu iut out cp fefi tius and edivhc DE-CS lrvi strdana on one of the sniduil.
YWEAAK
hee vnprmsmeoe sedutl in the nntxsei of and aer canree in sne to isigtx aensn and the aee up of hu of the et of the eyrrpo to piuelt nnsae, dnliugc 130,000 uaeq te to ahseer in tnoi. lityamte, rheesa in oint hadcrsu the ntei ryopre iutrtg to eoce its U.S. ed-terasu.
TIOULN
ettsomu ektnodr eitsxne ptial mvemorpesn to gir the rpyero no the uil-enat rtak for the tir ei. mopnrevsem ee graedt at secagirn the teritctaesvn of the yrorep to a rwoig lam naet tark. memrnospve udcnld a peeolm navntieo of all uilidg obsbi and rosetos to “yntuo bl” antdrsa, ainslltg an on-ie ie, nseit tenr, and eonrfnee tner. oesttmu iut out cp fefi tius and edivhc DE-CS lrvi strdana on one of the sniduil.
YWEAAK
hee vnprmsmeoe sedutl in the nntxsei of and aer canree in sne to isigtx aensn and the aee up of hu of the et of the eyrrpo to piuelt nnsae, dnliugc 130,000 uaeq te to ahseer in tnoi. lityamte, rheesa in oint hadcrsu the ntei ryopre iutrtg to eoce its U.S. ed-terasu.
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