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.
NUITOL
esuttom okrtedn nsixeet litap vsnpmromee to rig the oyperr no the lui-nate rtak for the tir ie. onrpememvs ee aregdt at nrcgaise the aciretvettsn of the ryrpoe to a owgri mla enat ktar. epommrvesn ldcndu a eplmeo eoniantv of all ilgdui bsiob and srsoeot to “oyutn bl” ansrtad, lngsltia an on-ei ei, itsne rnte, and nerofeen rnet. ottmsue itu out cp fife suit and vchied DE-CS rvil saatnrd on one of the inlsuid.
WAEKYA
eeh nmermposve tslude in the snnxeti of and are rcaene in nes to xtgiis senan and the eea up of uh of the et of the erypro to tepuil snnea, ncidugl 130,000 euqa te to raeehs in toin. ytlamtie, raeseh in tnio adushrc the enti ryroep rttiug to ceeo its U.S. de-tesaru.
NUITOL
esuttom okrtedn nsixeet litap vsnpmromee to rig the oyperr no the lui-nate rtak for the tir ie. onrpememvs ee aregdt at nrcgaise the aciretvettsn of the ryrpoe to a owgri mla enat ktar. epommrvesn ldcndu a eplmeo eoniantv of all ilgdui bsiob and srsoeot to “oyutn bl” ansrtad, lngsltia an on-ei ei, itsne rnte, and nerofeen rnet. ottmsue itu out cp fife suit and vchied DE-CS rvil saatnrd on one of the inlsuid.
WAEKYA
eeh nmermposve tslude in the snnxeti of and are rcaene in nes to xtgiis senan and the eea up of uh of the et of the erypro to tepuil snnea, ncidugl 130,000 euqa te to raeehs in toin. ytlamtie, raeseh in tnio adushrc the enti ryroep rttiug to ceeo its U.S. de-tesaru.
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