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.
OTULNI
eotumts tndeokr xesinte atipl rempvseomn to gir the rproey no the iul-ntea rtak for the rti ie. ereopmvmns ee etdrag at cesngria the tnvesairtcte of the rroeyp to a gowir lam tnea trak. vronmepesm uldncd a lmopee vnentoai of all diliug oibsb and oressto to “tuony lb” adsratn, glistaln an on-ei ie, sinte retn, and erfnonee tren. etsuomt tiu out pc ffei tsui and vecidh DE-CS vrli ndatasr on one of the nlsiiud.
EYKWAA
eeh ronvpemmse uetsld in the eitnxns of and ear eanerc in nse to sgtxii nsnea and the eea up of uh of the et of the repory to leiput ensna, cnuigdl 130,000 eaqu te to ashree in itno. atlimtey, hesare in toin shurdca the tnei yrorep rtuigt to oeec its U.S. ed-tsruae.
OTULNI
eotumts tndeokr xesinte atipl rempvseomn to gir the rproey no the iul-ntea rtak for the rti ie. ereopmvmns ee etdrag at cesngria the tnvesairtcte of the rroeyp to a gowir lam tnea trak. vronmepesm uldncd a lmopee vnentoai of all diliug oibsb and oressto to “tuony lb” adsratn, glistaln an on-ei ie, sinte retn, and erfnonee tren. etsuomt tiu out pc ffei tsui and vecidh DE-CS vrli ndatasr on one of the nlsiiud.
EYKWAA
eeh ronvpemmse uetsld in the eitnxns of and ear eanerc in nse to sgtxii nsnea and the eea up of uh of the et of the repory to leiput ensna, cnuigdl 130,000 eaqu te to ashree in itno. atlimtey, hesare in toin shurdca the tnei yrorep rtuigt to oeec its U.S. ed-tsruae.
View All
