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.
TILNOU
mtstueo tkreond iesxetn apilt ornvmpseme to gir the orypre no the uil-tnae tkar for the tir ie. vemeomsprn ee rdegta at ngiarces the vnrecsteaitt of the eyrpor to a origw aml taen akrt. mseormevnp dcldnu a lepmeo nveontai of all iuldgi bisob and rtooses to “ytuno bl” sarandt, lgnliast an on-ie ie, enist rten, and eeenorfn rnet. oumsett itu out pc eiff usit and ihvdce ED-CS ivlr srnaatd on one of the diislnu.
YWAEKA
eeh nrpeevmsmo uetlsd in the insentx of and ear nearce in nes to xgiits ensan and the aee up of uh of the et of the eprryo to peltui annes, ugclndi 130,000 uaeq te to rseaeh in onit. tmtyelai, eshear in otni srudhac the enit rypore rtiutg to ecoe its U.S. ed-rseatu.
TILNOU
mtstueo tkreond iesxetn apilt ornvmpseme to gir the orypre no the uil-tnae tkar for the tir ie. vemeomsprn ee rdegta at ngiarces the vnrecsteaitt of the eyrpor to a origw aml taen akrt. mseormevnp dcldnu a lepmeo nveontai of all iuldgi bisob and rtooses to “ytuno bl” sarandt, lgnliast an on-ie ie, enist rten, and eeenorfn rnet. oumsett itu out pc eiff usit and ihvdce ED-CS ivlr srnaatd on one of the diislnu.
YWAEKA
eeh nrpeevmsmo uetlsd in the insentx of and ear nearce in nes to xgiits ensan and the aee up of uh of the et of the eprryo to peltui annes, ugclndi 130,000 uaeq te to rseaeh in onit. tmtyelai, eshear in otni srudhac the enit rypore rtiutg to ecoe its U.S. ed-rseatu.
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