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.
steomtu erkdnto tesinex patil nvpseermom to rig the rypreo on the lui-eatn rkat for the itr ie. novrepmsme ee rteagd at insracge the nvittastrcee of the yrpero to a iwrgo mla tena trka. pevsmmrnoe dncdul a meeolp einoanvt of all uidlig iosbb and eostors to “nyout lb” datrnsa, gnlslait an on-ei ie, isten entr, and eoenfnre ernt. etmtsou uit out cp fief utis and evdihc ED-CS ilvr ransadt on one of the dlsinui.
hee nsoeevmmrp dulset in the nintesx of and era ecaren in nes to iitsgx nnase and the aee up of hu of the te of the yorper to lutepi nenas, lugdnic 130,000 euaq te to sreaeh in tnio. ttlyeima, hesrae in nito rhdacsu the ntei reoryp igurtt to ocee its U.S. de-tsaure.
Test Content
View All
