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.
ILTOUN
ttsmueo kotrdne etsnxie atlip smvpeeomrn to irg the rorpey on the uil-atne ktar for the irt ei. smmerovnep ee adetrg at gseicnra the ttsvrceitean of the oepryr to a ogiwr aml neat rakt. nvemmpeosr udnldc a oplmee oeainvnt of all diugli bsbio and rtesoso to “oytnu lb” stdanra, tgslnali an on-ei ie, setin ernt, and eornnefe etrn. sottuem iut out cp eiff utis and hevicd ED-CS rvil tsdaran on one of the dnusili.
KEWAAY
ehe vmnrepeosm dsteul in the extnins of and ear cnaeer in sen to sgiixt easnn and the aee up of uh of the te of the rorpey to utlepi nsnae, cgiunld 130,000 qeau et to rahees in toni. yttelmai, sraeeh in onti auhscdr the tein orpyer giutrt to ceeo its U.S. de-asuert.
ILTOUN
ttsmueo kotrdne etsnxie atlip smvpeeomrn to irg the rorpey on the uil-atne ktar for the irt ei. smmerovnep ee adetrg at gseicnra the ttsvrceitean of the oepryr to a ogiwr aml neat rakt. nvemmpeosr udnldc a oplmee oeainvnt of all diugli bsbio and rtesoso to “oytnu lb” stdanra, tgslnali an on-ei ie, setin ernt, and eornnefe etrn. sottuem iut out cp eiff utis and hevicd ED-CS rvil tsdaran on one of the dnusili.
KEWAAY
ehe vmnrepeosm dsteul in the extnins of and ear cnaeer in sen to sgiixt easnn and the aee up of uh of the te of the rorpey to utlepi nsnae, cgiunld 130,000 qeau et to rahees in toni. yttelmai, sraeeh in onti auhscdr the tein orpyer giutrt to ceeo its U.S. de-asuert.
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