Case Study 3

Download Case Study arrow_right_icon
  • 2011

    ACQUISITION YEAR

  • 1

    YEARS HELD

  • 246K

    TOTAL SQUARE FOOTAGE

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.

LUTION

tsmeout tronked inesxte iatlp oesmrpnmev to gir the ryepor on the liu-etan krta for the irt ei. mevonpmers ee gedtar at nsieacgr the ivasnettrcte of the yrpoer to a giowr mal tean akrt. mrmesnopev ldducn a eeoplm vaineotn of all guliid biobs and ortosse to “utnyo bl” nardsta, agntlsli an on-ei ei, ntise etnr, and neeonerf entr. mteutso iut out pc feif itsu and dehvic ED-CS vlir nsardat on one of the dilnius.

AEKAWY

hee evremomnsp lusedt in the xtsnnei of and aer nreeca in nse to igitxs nsnae and the aee up of hu of the et of the pyrero to lteupi naens, cilungd 130,000 eaqu et to hesrae in nito. ettmalyi, hearse in tnio uscrdha the iten yporer tguitr to ceoe its U.S. ed-trause.

LUTION

tsmeout tronked inesxte iatlp oesmrpnmev to gir the ryepor on the liu-etan krta for the irt ei. mevonpmers ee gedtar at nsieacgr the ivasnettrcte of the yrpoer to a giowr mal tean akrt. mrmesnopev ldducn a eeoplm vaineotn of all guliid biobs and ortosse to “utnyo bl” nardsta, agntlsli an on-ei ei, ntise etnr, and neeonerf entr. mteutso iut out pc feif itsu and dehvic ED-CS vlir nsardat on one of the dilnius.

AEKAWY

hee evremomnsp lusedt in the xtsnnei of and aer nreeca in nse to igitxs nsnae and the aee up of hu of the et of the pyrero to lteupi naens, cilungd 130,000 eaqu et to hesrae in nito. ettmalyi, hearse in tnio uscrdha the iten yporer tguitr to ceoe its U.S. ed-trause.

Want Full Access To The Case Study?

Get Exclusive Insights and Learn More about our Successful Strategies





Email
Phone



Call Us Today(972) 373-4548