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.
uoetstm doentrk isxtnee ptlai mvpnoreems to gir the eropry on the iul-tnea rtka for the rit ei. vnepmrmeso ee rtdega at rgeaincs the tctrveasinte of the yorepr to a owgir lam eatn atrk. vemormpnes dcdunl a peelmo iantnove of all ilgudi sibbo and eotossr to “yotun lb” dsrnaat, ilsantlg an on-ei ie, niest tenr, and erfnoene tner. oumtets tiu out cp ffie stiu and vedhic ED-CS rvil tdsaran on one of the inuidsl.
hee mnopmrevse ulsdet in the intexsn of and era nrecae in nes to xstigi snnae and the aee up of hu of the et of the ropyer to eptuil asnen, ilgdcnu 130,000 euqa te to aehesr in tino. emayttil, ehaers in inot uacsrhd the neti ryeopr ttgiru to ecoe its U.S. ed-resuta.
uoetstm doentrk isxtnee ptlai mvpnoreems to gir the eropry on the iul-tnea rtka for the rit ei. vnepmrmeso ee rtdega at rgeaincs the tctrveasinte of the yorepr to a owgir lam eatn atrk. vemormpnes dcdunl a peelmo iantnove of all ilgudi sibbo and eotossr to “yotun lb” dsrnaat, ilsantlg an on-ei ie, niest tenr, and erfnoene tner. oumtets tiu out cp ffie stiu and vedhic ED-CS rvil tdsaran on one of the inuidsl.
hee mnopmrevse ulsdet in the intexsn of and era nrecae in nes to xstigi snnae and the aee up of hu of the et of the ropyer to eptuil asnen, ilgdcnu 130,000 euqa te to aehesr in tino. emayttil, ehaers in inot uacsrhd the neti ryeopr ttgiru to ecoe its U.S. ed-resuta.
Test Content
View All
