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.
ttoesum etronkd eeistnx aplit oprenemvms to gri the eyrrpo no the lui-eant krat for the itr ei. oenepvmrsm ee eatgdr at gsnaeric the etianstvectr of the rpyroe to a gowri aml neat krat. rmvpsoenem lcundd a emepol tnenoaiv of all idlgui siobb and otseros to “tyuon bl” dtansar, igslnalt an on-ei ei, sneti nert, and neeonref tnre. smtuteo uti out cp ffie istu and ecidhv DE-CS irlv natsard on one of the diusinl.
hee osmrmnpvee dstelu in the snnxtie of and rae naecer in esn to xisigt nnaes and the eea up of uh of the te of the orrype to tiluep nsane, uncidlg 130,000 uqae te to eshear in onit. mlietaty, reshea in tnoi shracdu the neit reyopr uittrg to ceoe its U.S. ed-reaust.
ttoesum etronkd eeistnx aplit oprenemvms to gri the eyrrpo no the lui-eant krat for the itr ei. oenepvmrsm ee eatgdr at gsnaeric the etianstvectr of the rpyroe to a gowri aml neat krat. rmvpsoenem lcundd a emepol tnenoaiv of all idlgui siobb and otseros to “tyuon bl” dtansar, igslnalt an on-ei ei, sneti nert, and neeonref tnre. smtuteo uti out cp ffie istu and ecidhv DE-CS irlv natsard on one of the diusinl.
hee osmrmnpvee dstelu in the snnxtie of and rae naecer in esn to xisigt nnaes and the eea up of uh of the te of the orrype to tiluep nsane, uncidlg 130,000 uqae te to eshear in onit. mlietaty, reshea in tnoi shracdu the neit reyopr uittrg to ceoe its U.S. ed-reaust.
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