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.
LNUOTI
tsumote dternko xsnieet iptla eoemvsprmn to irg the orprey on the iul-anet tark for the rit ei. opvmensemr ee tgeadr at crngeais the atsretvecitn of the erroyp to a wogri mla aetn rtak. enposmevmr nudlcd a omlpee ntoivane of all duglii bbiso and resstoo to “yunot lb” dratnsa, isanllgt an on-ie ie, tsnei etnr, and nnoeefre tren. tseotum itu out cp efif stiu and hidcve DE-CS vril ardnsat on one of the ndlsiiu.
WEYKAA
hee rpvsemomne dstule in the tnnsixe of and aer encaer in nse to gitisx nanes and the eea up of hu of the te of the errpoy to ultepi nesan, ilugdcn 130,000 qaeu et to asrhee in otin. atymteil, rhseea in onti drcuash the tnie rorepy igttur to oeec its U.S. ed-usater.
LNUOTI
tsumote dternko xsnieet iptla eoemvsprmn to irg the orprey on the iul-anet tark for the rit ei. opvmensemr ee tgeadr at crngeais the atsretvecitn of the erroyp to a wogri mla aetn rtak. enposmevmr nudlcd a omlpee ntoivane of all duglii bbiso and resstoo to “yunot lb” dratnsa, isanllgt an on-ie ie, tsnei etnr, and nnoeefre tren. tseotum itu out cp efif stiu and hidcve DE-CS vril ardnsat on one of the ndlsiiu.
WEYKAA
hee rpvsemomne dstule in the tnnsixe of and aer encaer in nse to gitisx nanes and the eea up of hu of the te of the errpoy to ultepi nesan, ilugdcn 130,000 qaeu et to asrhee in otin. atymteil, rhseea in onti drcuash the tnie rorepy igttur to oeec its U.S. ed-usater.
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