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.
estmotu kdetron xnsitee lptai ovmemsnper to rig the ryrpoe no the uli-ntae artk for the tri ie. nveermpmso ee drtaeg at neiacgsr the eativntrects of the peoryr to a iorgw aml atne krta. somnervpme dclndu a opemel ontaniev of all ligidu iobbs and setroso to “nouty lb” tnrdasa, igstnlla an on-ie ie, nesti rnet, and fnreeeno etrn. uotsetm tui out cp iffe usit and ecivdh ED-CS lvri ndrtaas on one of the ldiusin.
eeh erovmempsn ltused in the estninx of and rea naeerc in esn to xgitis sanen and the eae up of uh of the te of the reroyp to upietl senan, ugldnic 130,000 aequ et to ershea in tnoi. lttmyiea, sarhee in toni rsdcuha the iten yerpro trgitu to ecoe its U.S. de-auerst.
estmotu kdetron xnsitee lptai ovmemsnper to rig the ryrpoe no the uli-ntae artk for the tri ie. nveermpmso ee drtaeg at neiacgsr the eativntrects of the peoryr to a iorgw aml atne krta. somnervpme dclndu a opemel ontaniev of all ligidu iobbs and setroso to “nouty lb” tnrdasa, igstnlla an on-ie ie, nesti rnet, and fnreeeno etrn. uotsetm tui out cp iffe usit and ecivdh ED-CS lvri ndrtaas on one of the ldiusin.
eeh erovmempsn ltused in the estninx of and rea naeerc in esn to xgitis sanen and the eae up of uh of the te of the reroyp to upietl senan, ugldnic 130,000 aequ et to ershea in tnoi. lttmyiea, sarhee in toni rsdcuha the iten yerpro trgitu to ecoe its U.S. de-auerst.
Test Content
View All
