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.
setuomt endrotk xnistee ilpta mvmeeopnrs to rgi the eorrpy no the uil-ntea rkat for the tir ei. eopervmsnm ee aetdgr at raeiscng the vratinesectt of the orrpey to a iowgr alm aten tkar. eepsvmomrn nuldcd a mlopee taeiovnn of all gliiud iosbb and ssotero to “uyont lb” tarnsda, lglnisat an on-ei ie, niset tenr, and efrneoen ernt. umtesto tiu out cp fefi situ and hidcev DE-CS lvri arndast on one of the usdilni.
eeh sopeevrnmm sdtelu in the ixnsten of and rea nreeac in sne to itigxs nnsea and the eea up of uh of the et of the prreoy to uptlie saenn, nugldci 130,000 quae et to hseaer in tion. lmetitya, aheres in inot dahrcus the enit eyropr gritut to eoec its U.S. de-stearu.
setuomt endrotk xnistee ilpta mvmeeopnrs to rgi the eorrpy no the uil-ntea rkat for the tir ei. eopervmsnm ee aetdgr at raeiscng the vratinesectt of the orrpey to a iowgr alm aten tkar. eepsvmomrn nuldcd a mlopee taeiovnn of all gliiud iosbb and ssotero to “uyont lb” tarnsda, lglnisat an on-ei ie, niset tenr, and efrneoen ernt. umtesto tiu out cp fefi situ and hidcev DE-CS lvri arndast on one of the usdilni.
eeh sopeevrnmm sdtelu in the ixnsten of and rea nreeac in sne to itigxs nnsea and the eea up of uh of the et of the prreoy to uptlie saenn, nugldci 130,000 quae et to hseaer in tion. lmetitya, aheres in inot dahrcus the enit eyropr gritut to eoec its U.S. de-stearu.
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