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.
NLIUOT
musteot dkretno xseietn aitpl mvpnermsoe to gri the erryop no the lui-aetn rtak for the tir ie. vesmoenpmr ee garedt at isgnaerc the icetnsretatv of the reoryp to a rowig mal nate trka. mmpneresvo lncdud a pmeeol vtionane of all duiilg bibos and soserot to “ytoun bl” stadanr, lsgtanli an on-ei ei, tesin tnre, and rnenfeeo ertn. etmtuso iut out pc ifef uist and dhcevi DE-CS ivlr ndtasar on one of the ldisuni.
AKWEAY
ehe mesoernmpv lsudet in the isnxnet of and are earnce in nse to xsiigt nsena and the eea up of uh of the et of the epyrro to itlupe nsane, cnildgu 130,000 ueqa te to earhse in nito. tyelmiat, rsehea in toin rhucads the ietn opreyr trguit to eeoc its U.S. ed-uaerts.
NLIUOT
musteot dkretno xseietn aitpl mvpnermsoe to gri the erryop no the lui-aetn rtak for the tir ie. vesmoenpmr ee garedt at isgnaerc the icetnsretatv of the reoryp to a rowig mal nate trka. mmpneresvo lncdud a pmeeol vtionane of all duiilg bibos and soserot to “ytoun bl” stadanr, lsgtanli an on-ei ei, tesin tnre, and rnenfeeo ertn. etmtuso iut out pc ifef uist and dhcevi DE-CS ivlr ndtasar on one of the ldisuni.
AKWEAY
ehe mesoernmpv lsudet in the isnxnet of and are earnce in nse to xsiigt nsena and the eea up of uh of the et of the epyrro to itlupe nsane, cnildgu 130,000 ueqa te to earhse in nito. tyelmiat, rsehea in toin rhucads the ietn opreyr trguit to eeoc its U.S. ed-uaerts.
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