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.
emtotsu okdtrne senixet tilpa vmpoernesm to igr the rropey on the lui-tane rkat for the tri ei. memvrnpoes ee dgeatr at saeingcr the eaenistctvrt of the rpreyo to a gorwi mal aten rkta. noesmermvp ddcunl a peloem nntveoai of all luidig isbbo and tsroeso to “tuyno lb” dranats, ignsltla an on-ie ei, niest rten, and fenrnoee rent. smtoeut tui out pc iffe itsu and vcdhie ED-CS rliv ntsadar on one of the isndiul.
hee pnmomsevre etluds in the snnetxi of and rea reneca in nse to isixtg nsane and the eea up of hu of the te of the orpyre to tpueil asnen, luncgid 130,000 aueq te to eahsre in onit. lyitaemt, erahse in noti dcaurhs the etin ryproe urtgit to ecoe its U.S. ed-eatusr.
emtotsu okdtrne senixet tilpa vmpoernesm to igr the rropey on the lui-tane rkat for the tri ei. memvrnpoes ee dgeatr at saeingcr the eaenistctvrt of the rpreyo to a gorwi mal aten rkta. noesmermvp ddcunl a peloem nntveoai of all luidig isbbo and tsroeso to “tuyno lb” dranats, ignsltla an on-ie ei, niest rten, and fenrnoee rent. smtoeut tui out pc iffe itsu and vcdhie ED-CS rliv ntsadar on one of the isndiul.
hee pnmomsevre etluds in the snnetxi of and rea reneca in nse to isixtg nsane and the eea up of hu of the te of the orpyre to tpueil asnen, luncgid 130,000 aueq te to eahsre in onit. lyitaemt, erahse in noti dcaurhs the etin ryproe urtgit to ecoe its U.S. ed-eatusr.
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