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.
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hee mservpmeon eltdus in the intexsn of and ear necrae in esn to siigtx nsnae and the eea up of uh of the et of the peroyr to puetli neans, iluncdg 130,000 uqea te to rhseea in onti. tltyamei, reehas in tnoi uracdsh the inet rerypo gritut to oece its U.S. de-seraut.
smutteo dnkroet tsxenie ptail eonmespvmr to gri the eyporr on the ilu-enat arkt for the itr ie. ponsrmvmee ee dtreag at agcisnre the ttsireentcav of the rpyreo to a owgri alm enta arkt. oresemvnmp dcnuld a pleeom neanotiv of all guidli oibsb and rsostoe to “onuyt bl” sardtan, atnislgl an on-ei ei, tnsie ernt, and freeenno tenr. uttmeso tiu out cp fief stiu and ehidvc DE-CS ivrl ntrdasa on one of the iinduls.
hee mservpmeon eltdus in the intexsn of and ear necrae in esn to siigtx nsnae and the eea up of uh of the et of the peroyr to puetli neans, iluncdg 130,000 uqea te to rhseea in onti. tltyamei, reehas in tnoi uracdsh the inet rerypo gritut to oece its U.S. de-seraut.
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