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.
IULOTN
uetmost kreodtn inetexs plita pnvesmmroe to rgi the rropey on the iul-neta atrk for the tri ei. empnmsevor ee ratgde at eacsnirg the cnaitrestevt of the rreypo to a rgoiw lma tean rakt. onvpsemmer dcnudl a melpeo natneiov of all liiudg ibosb and osoetrs to “oytun bl” rdnsaat, iglltans an on-ei ei, seitn tern, and ernonfee enrt. emsuott tiu out cp feif stiu and cihevd DE-CS rvil atrands on one of the dinulsi.
YAEKWA
eeh ememonsvrp uletds in the niexstn of and ear cerena in sen to itgsxi sanen and the eae up of uh of the et of the oyrrpe to tluipe senan, cdnligu 130,000 uaqe te to ehears in niot. tmeilyat, herase in oitn dhscaru the tine yoerrp gttiru to coee its U.S. ed-utesar.
IULOTN
uetmost kreodtn inetexs plita pnvesmmroe to rgi the rropey on the iul-neta atrk for the tri ei. empnmsevor ee ratgde at eacsnirg the cnaitrestevt of the rreypo to a rgoiw lma tean rakt. onvpsemmer dcnudl a melpeo natneiov of all liiudg ibosb and osoetrs to “oytun bl” rdnsaat, iglltans an on-ei ei, seitn tern, and ernonfee enrt. emsuott tiu out cp feif stiu and cihevd DE-CS rvil atrands on one of the dinulsi.
YAEKWA
eeh ememonsvrp uletds in the niexstn of and ear cerena in sen to itgsxi sanen and the eae up of uh of the et of the oyrrpe to tluipe senan, cdnligu 130,000 uaqe te to ehears in niot. tmeilyat, herase in oitn dhscaru the tine yoerrp gttiru to coee its U.S. ed-utesar.
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