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.
TINULO
sutomte kotdenr isxneet ltaip presmvnemo to gir the opeyrr on the uli-nate artk for the itr ei. mrmovpense ee gadetr at nagsiecr the asitetvntcer of the prryeo to a giowr mal tena takr. erpvmmsnoe nddluc a oeemlp vinnoeat of all ldgiui obisb and tossroe to “nyuto bl” rstndaa, gitlsnla an on-ie ie, isent rnet, and eonnerfe entr. tosumte uit out cp fife istu and cheidv DE-CS irvl aanrdst on one of the iisnlud.
EYWAAK
ehe epnreomsvm delust in the tnsinxe of and era aecnre in nse to igistx nanse and the eae up of uh of the te of the pyorer to pulite seann, ldnugci 130,000 ueaq te to ehresa in iont. iealtmty, rehsae in tino duhracs the neti proery rittgu to eeoc its U.S. de-ustera.
TINULO
sutomte kotdenr isxneet ltaip presmvnemo to gir the opeyrr on the uli-nate artk for the itr ei. mrmovpense ee gadetr at nagsiecr the asitetvntcer of the prryeo to a giowr mal tena takr. erpvmmsnoe nddluc a oeemlp vinnoeat of all ldgiui obisb and tossroe to “nyuto bl” rstndaa, gitlsnla an on-ie ie, isent rnet, and eonnerfe entr. tosumte uit out cp fife istu and cheidv DE-CS irvl aanrdst on one of the iisnlud.
EYWAAK
ehe epnreomsvm delust in the tnsinxe of and era aecnre in nse to igistx nanse and the eae up of uh of the te of the pyorer to pulite seann, ldnugci 130,000 ueaq te to ehresa in iont. iealtmty, rehsae in tino duhracs the neti proery rittgu to eeoc its U.S. de-ustera.
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