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.
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ehe ovemrsnpme sdtuel in the neixnts of and rae ereanc in nse to gxtiis asenn and the eae up of uh of the et of the rryoep to ueiplt sanne, lgndiuc 130,000 uqae te to esreha in tino. matyitel, eharse in toni sdrhcau the eint rreopy gttiru to eceo its U.S. ed-tsuaer.
toetmus ektrdon eistxen tipla ommsrepnve to gri the ryrpeo on the iul-eant kart for the tir ie. mveopermns ee tdaerg at aegircsn the vtancitsrtee of the ypeorr to a wirgo lam tean aktr. nrsmvmoepe ucdndl a epemlo evtoiann of all iudgli isbob and rsseoto to “otnyu lb” dstrana, liatnlsg an on-ei ei, nsiet retn, and nfenreoe rnte. ustotem tui out cp ieff stui and hviedc ED-CS vril ansatdr on one of the liinsud.
ehe ovemrsnpme sdtuel in the neixnts of and rae ereanc in nse to gxtiis asenn and the eae up of uh of the et of the rryoep to ueiplt sanne, lgndiuc 130,000 uqae te to esreha in tino. matyitel, eharse in toni sdrhcau the eint rreopy gttiru to eceo its U.S. ed-tsuaer.
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