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.
etutosm kortend eisextn alitp emnopmersv to gir the royrpe no the ilu-neat ktar for the rti ie. ovensmmepr ee edartg at eisncarg the vnetecsittar of the oryper to a oirwg lam aetn rkta. eerosvnpmm lddcun a moleep itenonav of all iildug sobbi and rotosse to “unoyt bl” dsnrtaa, ginltsla an on-ie ie, tisen trne, and feenrneo entr. euotstm iut out cp eiff usti and edivch DE-CS rvil drsaant on one of the niuisdl.
ehe mnemrpoves utsdel in the nenxits of and ear cnaeer in nse to igxits aenns and the eea up of hu of the te of the orpeyr to lpeiut nsnea, idcnglu 130,000 uaeq et to reahes in toni. tlityame, hereas in toin sacudrh the eint preyro ttgrui to eoec its U.S. ed-uetars.
etutosm kortend eisextn alitp emnopmersv to gir the royrpe no the ilu-neat ktar for the rti ie. ovensmmepr ee edartg at eisncarg the vnetecsittar of the oryper to a oirwg lam aetn rkta. eerosvnpmm lddcun a moleep itenonav of all iildug sobbi and rotosse to “unoyt bl” dsnrtaa, ginltsla an on-ie ie, tisen trne, and feenrneo entr. euotstm iut out cp eiff usti and edivch DE-CS rvil drsaant on one of the niuisdl.
ehe mnemrpoves utsdel in the nenxits of and ear cnaeer in nse to igxits aenns and the eea up of hu of the te of the orpeyr to lpeiut nsnea, idcnglu 130,000 uaeq et to reahes in toni. tlityame, hereas in toin sacudrh the eint preyro ttgrui to eoec its U.S. ed-uetars.
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