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.

TNOLUI

musteot otnrked xtensie aptil pmmserevno to gri the oerpyr on the lui-tane ktra for the rti ie. pmesvmnero ee drtgea at sirgneac the inascttrevet of the prorey to a iowrg mla tnae tkar. rmepevnsmo unlddc a empelo onvneiat of all iudigl bosib and srstooe to “tnuyo lb” sartnad, iastnllg an on-ei ei, etsin tern, and ofneeenr enrt. stuoetm itu out pc fefi uist and idvech DE-CS vlri rtanads on one of the snudili.

AYAWEK

hee epevmnmrso dsuetl in the snntxei of and aer arnece in ens to xtsiig ansne and the aee up of uh of the et of the proyre to peuitl naesn, cdlngiu 130,000 euaq te to reheas in onit. atleymit, raeshe in onit hucrads the niet rrpoye urittg to coee its U.S. de-aeurst.

TNOLUI

musteot otnrked xtensie aptil pmmserevno to gri the oerpyr on the lui-tane ktra for the rti ie. pmesvmnero ee drtgea at sirgneac the inascttrevet of the prorey to a iowrg mla tnae tkar. rmepevnsmo unlddc a empelo onvneiat of all iudigl bosib and srstooe to “tnuyo lb” sartnad, iastnllg an on-ei ei, etsin tern, and ofneeenr enrt. stuoetm itu out pc fefi uist and idvech DE-CS vlri rtanads on one of the snudili.

AYAWEK

hee epevmnmrso dsuetl in the snntxei of and aer arnece in ens to xtsiig ansne and the aee up of uh of the et of the proyre to peuitl naesn, cdlngiu 130,000 euaq te to reheas in onit. atleymit, raeshe in onit hucrads the niet rrpoye urittg to coee its U.S. de-aeurst.

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