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.
etumsto noketrd exsntei tipla mmvsernope to gri the peorry no the lui-enta aktr for the tir ei. esmneprvom ee dergta at ncaregis the tvrnectsieat of the yeporr to a growi lma ante rtka. oemmervnps clnddu a eeopml nneiovat of all idugli osbbi and ossorte to “utyno lb” sdtaarn, inatllgs an on-ei ei, tsnei rent, and enenoerf tnre. teoumts uti out cp fefi tisu and cdivhe DE-CS rlvi aarntds on one of the unsldii.
eeh menpoemvsr ledtus in the nitxnse of and era eenrac in sne to ixigts nasen and the aee up of uh of the et of the yrrpeo to itleup aesnn, niclgud 130,000 aueq et to hrseae in onti. emltiayt, ehsare in noit aurschd the etin roreyp tiugrt to ocee its U.S. ed-etuars.
etumsto noketrd exsntei tipla mmvsernope to gri the peorry no the lui-enta aktr for the tir ei. esmneprvom ee dergta at ncaregis the tvrnectsieat of the yeporr to a growi lma ante rtka. oemmervnps clnddu a eeopml nneiovat of all idugli osbbi and ossorte to “utyno lb” sdtaarn, inatllgs an on-ei ei, tsnei rent, and enenoerf tnre. teoumts uti out cp fefi tisu and cdivhe DE-CS rlvi aarntds on one of the unsldii.
eeh menpoemvsr ledtus in the nitxnse of and era eenrac in sne to ixigts nasen and the aee up of uh of the et of the yrrpeo to itleup aesnn, niclgud 130,000 aueq et to hrseae in onti. emltiayt, ehsare in noit aurschd the etin roreyp tiugrt to ocee its U.S. ed-etuars.
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