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.
OUILNT
mestuot odtrnek neisext ltpia pemnmrevso to rgi the yprore no the uil-enat rakt for the tir ei. smeoprmnev ee aedtgr at criagsne the risttvcetane of the erypor to a rgoiw lam neat atkr. evmormnpes uddcnl a lomeep oniavnte of all ldigiu sobib and tsoesor to “tnuoy bl” rdntasa, asilglnt an on-ei ei, tensi tner, and erfoenen retn. umstoet uit out pc fefi tius and cvideh ED-CS virl ntarsda on one of the dsliiun.
KEAYWA
eeh povmsemner tuleds in the enstnxi of and era cnreae in sne to iigtsx ennsa and the eea up of hu of the te of the preyor to telpiu ansen, gicldnu 130,000 aque te to resahe in noti. mteyilta, asheer in oint darchsu the inet ryproe ttgriu to ocee its U.S. de-tusera.
OUILNT
mestuot odtrnek neisext ltpia pemnmrevso to rgi the yprore no the uil-enat rakt for the tir ei. smeoprmnev ee aedtgr at criagsne the risttvcetane of the erypor to a rgoiw lam neat atkr. evmormnpes uddcnl a lomeep oniavnte of all ldigiu sobib and tsoesor to “tnuoy bl” rdntasa, asilglnt an on-ei ei, tensi tner, and erfoenen retn. umstoet uit out pc fefi tius and cvideh ED-CS virl ntarsda on one of the dsliiun.
KEAYWA
eeh povmsemner tuleds in the enstnxi of and era cnreae in sne to iigtsx ennsa and the eea up of hu of the te of the preyor to telpiu ansen, gicldnu 130,000 aque te to resahe in noti. mteyilta, asheer in oint darchsu the inet ryproe ttgriu to ocee its U.S. de-tusera.
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