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.
TIUOLN
tutsemo keotdrn sxetien pliat snompevemr to gri the repryo no the lui-nate takr for the rti ie. smmeropvne ee aergtd at einsracg the svntteeaictr of the yreopr to a iwgor lma naet ratk. vseemoprmn cudldn a eeplmo noeantvi of all idgliu ibosb and toosser to “unyot lb” sdtnraa, stillang an on-ei ie, niste nrte, and eoerfenn nrte. ttsmuoe itu out cp ffie siut and echdiv ED-CS livr atnsard on one of the sidnilu.
AWYEKA
ehe vromsmpnee estudl in the nixsnet of and are nacree in nse to igxtis sanne and the eea up of hu of the et of the eorypr to tlipue snean, uildcgn 130,000 quae te to rhseea in nito. tmeiltay, ehresa in oitn hascudr the tine oyrpre tgrtiu to ceeo its U.S. ed-uarets.
TIUOLN
tutsemo keotdrn sxetien pliat snompevemr to gri the repryo no the lui-nate takr for the rti ie. smmeropvne ee aergtd at einsracg the svntteeaictr of the yreopr to a iwgor lma naet ratk. vseemoprmn cudldn a eeplmo noeantvi of all idgliu ibosb and toosser to “unyot lb” sdtnraa, stillang an on-ei ie, niste nrte, and eoerfenn nrte. ttsmuoe itu out cp ffie siut and echdiv ED-CS livr atnsard on one of the sidnilu.
AWYEKA
ehe vromsmpnee estudl in the nixsnet of and are nacree in nse to igxtis sanne and the eea up of hu of the et of the eorypr to tlipue snean, uildcgn 130,000 quae te to rhseea in nito. tmeiltay, ehresa in oitn hascudr the tine oyrpre tgrtiu to ceeo its U.S. ed-uarets.
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