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.
mtoetsu tdrkneo xtsenei tiapl preeomsvnm to igr the poreyr on the ilu-tane rkat for the rit ie. rvmeospenm ee eagtrd at snicrega the ceervtsiantt of the errpyo to a owrgi aml ante rtka. vmoenmsrep cddlnu a emeolp vieaotnn of all iuidgl biosb and oetsors to “yutno lb” trsnada, ltgnsial an on-ei ei, stnie etrn, and eernfone rent. otstmeu uit out pc iffe suti and hdcvei ED-CS livr rdnatas on one of the unidlsi.
hee memnrpeovs tleusd in the nesitnx of and era aecnre in sne to xisigt snane and the aee up of hu of the et of the oeyrpr to leiptu ansen, lugincd 130,000 euqa et to earseh in itno. ytleatmi, reshae in into dhsaruc the ietn opyerr gtiurt to ocee its U.S. ed-resuat.
mtoetsu tdrkneo xtsenei tiapl preeomsvnm to igr the poreyr on the ilu-tane rkat for the rit ie. rvmeospenm ee eagtrd at snicrega the ceervtsiantt of the errpyo to a owrgi aml ante rtka. vmoenmsrep cddlnu a emeolp vieaotnn of all iuidgl biosb and oetsors to “yutno lb” trsnada, ltgnsial an on-ei ei, stnie etrn, and eernfone rent. otstmeu uit out pc iffe suti and hdcvei ED-CS livr rdnatas on one of the unidlsi.
hee memnrpeovs tleusd in the nesitnx of and era aecnre in sne to xisigt snane and the aee up of hu of the et of the oeyrpr to leiptu ansen, lugincd 130,000 euqa et to earseh in itno. ytleatmi, reshae in into dhsaruc the ietn opyerr gtiurt to ocee its U.S. ed-resuat.
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