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.
TUIONL
teotmus nketodr nestexi patli evnspmerom to rig the eyrrop on the uli-enta akrt for the itr ie. psovernmme ee dgtrea at nricaesg the vneitcettsar of the oprery to a iworg lam ntea artk. morenpvmes ucnldd a elpmoe iantveon of all gidilu bosib and eotsors to “yunot lb” radtans, lsglatin an on-ie ei, intes tner, and rneofeen nrte. estoumt uti out pc iffe tuis and divhec ED-CS rvil dransta on one of the sndiuil.
AWKYAE
eeh vempnoesmr tludse in the ntiexsn of and are nceare in sne to sgitix snnea and the eea up of hu of the et of the oyprer to tpliue nnsae, nluidgc 130,000 qaue et to reahes in tion. eymittla, rhseea in iotn druahcs the tein peyorr ttuirg to ceoe its U.S. ed-asuetr.
TUIONL
teotmus nketodr nestexi patli evnspmerom to rig the eyrrop on the uli-enta akrt for the itr ie. psovernmme ee dgtrea at nricaesg the vneitcettsar of the oprery to a iworg lam ntea artk. morenpvmes ucnldd a elpmoe iantveon of all gidilu bosib and eotsors to “yunot lb” radtans, lsglatin an on-ie ei, intes tner, and rneofeen nrte. estoumt uti out pc iffe tuis and divhec ED-CS rvil dransta on one of the sndiuil.
AWKYAE
eeh vempnoesmr tludse in the ntiexsn of and are nceare in sne to sgitix snnea and the eea up of hu of the et of the oyprer to tpliue nnsae, nluidgc 130,000 qaue et to reahes in tion. eymittla, rhseea in iotn druahcs the tein peyorr ttuirg to ceoe its U.S. ed-asuetr.
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