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.
uettsom nrktode ixsteen iaplt emopermvsn to rig the erroyp on the uli-tnea ratk for the itr ie. mpsnmeveor ee tgeard at rsiagnec the tiseartnecvt of the opeyrr to a iorwg lma enat rkat. rsopvmneme ldncud a lpemeo avnitoen of all giluid bibos and eotosrs to “uytno bl” sdtrana, sniagtll an on-ei ie, tesin retn, and roefeenn ertn. tuosetm uit out pc ieff tsiu and ehivdc DE-CS lrvi atdsarn on one of the udsnlii.
eeh espmoernvm letsdu in the nsixnet of and ear anecre in sen to ixisgt aensn and the eae up of uh of the te of the perory to teliup neasn, lucnidg 130,000 equa et to eesrha in nito. ytmielta, ehears in inot ashrucd the tnei reryop rgttiu to ecoe its U.S. de-erauts.
uettsom nrktode ixsteen iaplt emopermvsn to rig the erroyp on the uli-tnea ratk for the itr ie. mpsnmeveor ee tgeard at rsiagnec the tiseartnecvt of the opeyrr to a iorwg lma enat rkat. rsopvmneme ldncud a lpemeo avnitoen of all giluid bibos and eotosrs to “uytno bl” sdtrana, sniagtll an on-ei ie, tesin retn, and roefeenn ertn. tuosetm uit out pc ieff tsiu and ehivdc DE-CS lrvi atdsarn on one of the udsnlii.
eeh espmoernvm letsdu in the nsixnet of and ear anecre in sen to ixisgt aensn and the eae up of uh of the te of the perory to teliup neasn, lucnidg 130,000 equa et to eesrha in nito. ytmielta, ehears in inot ashrucd the tnei reryop rgttiu to ecoe its U.S. de-erauts.
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