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.
TLUION
eoustmt tnroekd tnixese ilapt meeopvsrnm to igr the rypreo on the liu-ntea ratk for the tir ie. orsevemnpm ee agdter at cgseainr the rneseatttvic of the orypre to a gwoir aml ante rkat. serpomemvn ucndld a olemep taivnnoe of all gidliu obisb and rseoost to “uonty bl” ntardsa, nsatglli an on-ie ei, esnit trne, and feoneren ernt. utemtos uti out pc ifef suit and idcevh ED-CS lvri anstdar on one of the sidniul.
AWKEYA
ehe mervopnsme tdeslu in the ienstnx of and rea enecar in nse to sitigx neans and the eea up of uh of the et of the roprey to ulitpe neans, udglicn 130,000 qaue et to esarhe in tion. mlytaiet, reheas in iont auhscdr the ntie eroypr rtutig to ocee its U.S. de-etsrua.
TLUION
eoustmt tnroekd tnixese ilapt meeopvsrnm to igr the rypreo on the liu-ntea ratk for the tir ie. orsevemnpm ee agdter at cgseainr the rneseatttvic of the orypre to a gwoir aml ante rkat. serpomemvn ucndld a olemep taivnnoe of all gidliu obisb and rseoost to “uonty bl” ntardsa, nsatglli an on-ie ei, esnit trne, and feoneren ernt. utemtos uti out pc ifef suit and idcevh ED-CS lvri anstdar on one of the sidniul.
AWKEYA
ehe mervopnsme tdeslu in the ienstnx of and rea enecar in nse to sitigx neans and the eea up of uh of the et of the roprey to ulitpe neans, udglicn 130,000 qaue et to esarhe in tion. mlytaiet, reheas in iont auhscdr the ntie eroypr rtutig to ocee its U.S. de-etsrua.
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