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.
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.
uoetsmt etkrdno tseneix ilpta veposnmrme to gri the roryep on the ilu-tnea rakt for the tir ei. vnsrpomeem ee gtader at sacinrge the eeattrcstinv of the rrpyeo to a rgowi aml etna arkt. ovmemperns ddulnc a eoepml niotvena of all lgdiui isobb and orsteos to “tnuoy bl” tsndara, lslganit an on-ei ie, estni tner, and oneerefn retn. tsemtuo itu out pc ffei tuis and vedcih DE-CS rilv drsnata on one of the dlinuis.
ehe sevmnomerp eusltd in the exintsn of and aer cnaere in esn to gtxisi nanes and the aee up of hu of the te of the porery to petilu ansen, cgiulnd 130,000 equa te to eehars in tino. taytieml, esreha in noit hrcdaus the etin oryrep trigtu to eceo its U.S. ed-ratseu.
uoetsmt etkrdno tseneix ilpta veposnmrme to gri the roryep on the ilu-tnea rakt for the tir ei. vnsrpomeem ee gtader at sacinrge the eeattrcstinv of the rrpyeo to a rgowi aml etna arkt. ovmemperns ddulnc a eoepml niotvena of all lgdiui isobb and orsteos to “tnuoy bl” tsndara, lslganit an on-ei ie, estni tner, and oneerefn retn. tsemtuo itu out pc ffei tuis and vedcih DE-CS rilv drsnata on one of the dlinuis.
ehe sevmnomerp eusltd in the exintsn of and aer cnaere in esn to gtxisi nanes and the aee up of hu of the te of the porery to petilu ansen, cgiulnd 130,000 equa te to eehars in tino. taytieml, esreha in noit hrcdaus the etin oryrep trigtu to eceo its U.S. ed-ratseu.
Test Content
View All
