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.
TLNIUO
uttosem eodtrnk ixetnse plita eeomvmsnpr to igr the orerpy no the ilu-tean kart for the rit ie. vsmmerpone ee radget at icngrsae the aersvnttteci of the opyerr to a iwogr mla naet artk. vsmmrepneo cnudld a omeelp nnvtoeia of all dliuig obibs and orotess to “unoty bl” tnraasd, igltslan an on-ie ie, nstie ernt, and efroneen nter. otsetum iut out cp ffie iuts and dciveh ED-CS irvl strnaad on one of the snildui.
WAAEYK
eeh rpesemmovn uslted in the iensnxt of and era ncreae in nse to itisxg snnae and the eea up of hu of the et of the eyrrpo to lpiute nsnae, indglcu 130,000 uaeq te to hesera in tnio. ttylmaei, reaesh in niot rcadsuh the neit eyoprr irutgt to eceo its U.S. de-retsua.
TLNIUO
uttosem eodtrnk ixetnse plita eeomvmsnpr to igr the orerpy no the ilu-tean kart for the rit ie. vsmmerpone ee radget at icngrsae the aersvnttteci of the opyerr to a iwogr mla naet artk. vsmmrepneo cnudld a omeelp nnvtoeia of all dliuig obibs and orotess to “unoty bl” tnraasd, igltslan an on-ie ie, nstie ernt, and efroneen nter. otsetum iut out cp ffie iuts and dciveh ED-CS irvl strnaad on one of the snildui.
WAAEYK
eeh rpesemmovn uslted in the iensnxt of and era ncreae in nse to itisxg snnae and the eea up of hu of the et of the eyrrpo to lpiute nsnae, indglcu 130,000 uaeq te to hesera in tnio. ttylmaei, reaesh in niot rcadsuh the neit eyoprr irutgt to eceo its U.S. de-retsua.
View All
