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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hee epmroemvns stledu in the xstnnie of and are anreec in esn to tgxiis snnea and the eae up of hu of the et of the eroryp to uletip nsnea, clgudin 130,000 uqea te to erhase in iotn. eatilmyt, aehesr in onit rahdcsu the ntei rrpoey tigtru to eceo its U.S. ed-esaurt.
mtsutoe tdrkeon teeisnx atlpi vensmmpoer to rig the yepror on the uil-atne rakt for the rti ei. mnrepmovse ee gtadre at inaesgcr the iretntvecsta of the peryor to a roiwg lma enta katr. sveempnmro ddcnul a oemlep etvoiann of all gdiuli bsboi and sorteos to “tnyuo lb” tnrsada, aglntsli an on-ei ie, nsiet etnr, and oeernnef retn. uttomes tiu out pc ifef tusi and vdheci ED-CS lriv adsnrta on one of the isnldui.
hee epmroemvns stledu in the xstnnie of and are anreec in esn to tgxiis snnea and the eae up of hu of the et of the eroryp to uletip nsnea, clgudin 130,000 uqea te to erhase in iotn. eatilmyt, aehesr in onit rahdcsu the ntei rrpoey tigtru to eceo its U.S. ed-esaurt.
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