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.

OITULN

teustmo nkroedt txieens tialp emmposvern to gir the yproer on the iul-nate kart for the rit ei. erpseovnmm ee agrted at cianegrs the rvnaseettitc of the yorrpe to a wgrio aml neat krat. mperemvson dunldc a moelpe onntiave of all iiguld sbiob and ossrtoe to “nouty lb” darsant, salnitlg an on-ie ei, teisn entr, and eonefner rnet. etoumst itu out pc fife usti and hcived ED-CS irlv nadsatr on one of the sidunil.

AEYWKA

ehe pvsrmenemo dselut in the nesixnt of and rae acener in ens to ixsgti esnna and the eae up of hu of the et of the yoeprr to pileut easnn, clungdi 130,000 quea et to eahser in ntoi. ymaltite, eersha in tnoi uadhrsc the ietn peorry tgirtu to eoec its U.S. ed-seratu.

OITULN

teustmo nkroedt txieens tialp emmposvern to gir the yproer on the iul-nate kart for the rit ei. erpseovnmm ee agrted at cianegrs the rvnaseettitc of the yorrpe to a wgrio aml neat krat. mperemvson dunldc a moelpe onntiave of all iiguld sbiob and ossrtoe to “nouty lb” darsant, salnitlg an on-ie ei, teisn entr, and eonefner rnet. etoumst itu out pc fife usti and hcived ED-CS irlv nadsatr on one of the sidunil.

AEYWKA

ehe pvsrmenemo dselut in the nesixnt of and rae acener in ens to ixsgti esnna and the eae up of hu of the et of the yoeprr to pileut easnn, clungdi 130,000 quea et to eahser in ntoi. ymaltite, eersha in tnoi uadhrsc the ietn peorry tgirtu to eoec its U.S. ed-seratu.

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