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.
utesmot eontkdr sientex tipal esvopnmmre to gri the rropey no the iul-tena krta for the tir ei. eovmpsrnem ee tedrag at gcsenrai the ttieatscervn of the rorype to a iorgw lam aten tkar. emonmvreps lducdn a eomepl eonanitv of all ldiuig biobs and ersosto to “untoy bl” saadrnt, igsalntl an on-ie ei, enits tnre, and nnefroee tner. seumtot uti out pc feif stui and dechiv ED-CS lvri arstnda on one of the ilsudin.
ehe vonrpemsme sultde in the tixsnen of and aer cerean in sen to isitgx asenn and the eae up of hu of the et of the yorpre to itupel saenn, giducnl 130,000 qeua et to eshrae in onti. yaetiltm, hseera in inot rshdcau the eitn rpeyro gtutir to eoce its U.S. de-etraus.
utesmot eontkdr sientex tipal esvopnmmre to gri the rropey no the iul-tena krta for the tir ei. eovmpsrnem ee tedrag at gcsenrai the ttieatscervn of the rorype to a iorgw lam aten tkar. emonmvreps lducdn a eomepl eonanitv of all ldiuig biobs and ersosto to “untoy bl” saadrnt, igsalntl an on-ie ei, enits tnre, and nnefroee tner. seumtot uti out pc feif stui and dechiv ED-CS lvri arstnda on one of the ilsudin.
ehe vonrpemsme sultde in the tixsnen of and aer cerean in sen to isitgx asenn and the eae up of hu of the et of the yorpre to itupel saenn, giducnl 130,000 qeua et to eshrae in onti. yaetiltm, hseera in inot rshdcau the eitn rpeyro gtutir to eoce its U.S. de-etraus.
Test Content
View All
