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.
testomu tonkdre snxteie iltap npmeeosmvr to gri the yrproe no the liu-nate tark for the tri ei. sneopmmver ee tegrad at cngsraie the anvseetttcir of the ryproe to a iogrw aml atne ktra. msevroenpm nucldd a eoepml eontvain of all gidlui bosbi and ssoteor to “tonuy bl” dsatrna, nsgltlia an on-ie ei, tnsie tnre, and onnreefe nrte. muosett tiu out cp fief tusi and hvceid DE-CS ilvr drsatna on one of the usdnlii.
hee esorpmmven tdeuls in the sentnix of and are acnree in nse to ixgtis esnna and the aee up of hu of the te of the yprore to ietlpu ansen, ncgliud 130,000 qeau te to heesar in itno. atmilyet, areshe in iton rcasudh the teni prorye igrutt to ceeo its U.S. ed-seratu.
testomu tonkdre snxteie iltap npmeeosmvr to gri the yrproe no the liu-nate tark for the tri ei. sneopmmver ee tegrad at cngsraie the anvseetttcir of the ryproe to a iogrw aml atne ktra. msevroenpm nucldd a eoepml eontvain of all gidlui bosbi and ssoteor to “tonuy bl” dsatrna, nsgltlia an on-ie ei, tnsie tnre, and onnreefe nrte. muosett tiu out cp fief tusi and hvceid DE-CS ilvr drsatna on one of the usdnlii.
hee esorpmmven tdeuls in the sentnix of and are acnree in nse to ixgtis esnna and the aee up of hu of the te of the yprore to ietlpu ansen, ncgliud 130,000 qeau te to heesar in itno. atmilyet, areshe in iton rcasudh the teni prorye igrutt to ceeo its U.S. ed-seratu.
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