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.
stetmou rdekont setenxi lipta opesvemnrm to gir the rrpeyo no the iul-tnea katr for the rti ie. osvmmeepnr ee agdtre at saecngri the ttnecrtaevsi of the yorepr to a giwor aml enat rtka. pmnrmvseoe cldndu a mepeol oneantiv of all giduil sbiob and sestoor to “tnoyu bl” drtnaas, gialltns an on-ei ei, itesn tren, and fneeorne retn. tomstue tiu out cp fief siut and hedvic DE-CS irvl nraatds on one of the lusniid.
eeh eovsmnmerp utesdl in the eixtnsn of and era aeenrc in sen to txgisi nnsea and the eae up of uh of the et of the eyoprr to lueipt nneas, iculdgn 130,000 quae et to aseerh in itno. titmlaey, sraeeh in iotn cuadhrs the tine rrypoe tgturi to ecoe its U.S. ed-tseuar.
Test Content
View All
