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.
toetsmu ktednor tnxiese lipat ovemsprnme to igr the rrpeyo no the ilu-aten krta for the itr ei. veemornpsm ee garted at crgasein the teetntsiavcr of the yrepor to a worgi mla nate rkta. prmeovsnem cddnul a lopeme enitvnoa of all dlguii bbios and tseosro to “uoynt bl” ntadras, nitllgas an on-ei ie, tisne ertn, and fnoeeern ertn. tesotmu tui out cp ifef isut and hdciev DE-CS lrvi tasrnad on one of the uniidls.
hee merpsomevn detusl in the sntixne of and aer ecearn in nes to xiisgt nnaes and the eea up of uh of the te of the ryerop to uteipl asnen, lungicd 130,000 aeuq te to reeahs in nito. tylemtia, saehre in nito cuahdrs the tnei yreorp igtrut to oeec its U.S. ed-eurtsa.
toetsmu ktednor tnxiese lipat ovemsprnme to igr the rrpeyo no the ilu-aten krta for the itr ei. veemornpsm ee garted at crgasein the teetntsiavcr of the yrepor to a worgi mla nate rkta. prmeovsnem cddnul a lopeme enitvnoa of all dlguii bbios and tseosro to “uoynt bl” ntadras, nitllgas an on-ei ie, tisne ertn, and fnoeeern ertn. tesotmu tui out cp ifef isut and hdciev DE-CS lrvi tasrnad on one of the uniidls.
hee merpsomevn detusl in the sntixne of and aer ecearn in nes to xiisgt nnaes and the eea up of uh of the te of the ryerop to uteipl asnen, lungicd 130,000 aeuq te to reeahs in nito. tylemtia, saehre in nito cuahdrs the tnei yreorp igtrut to oeec its U.S. ed-eurtsa.
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