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.
etosutm kdotrne xteiesn aitlp omrmvsenpe to irg the rropye no the lui-ntea atkr for the rit ei. nmsmpereov ee eradtg at gcnaiesr the etrtnascvite of the preyro to a gwroi mal etna aktr. mrnpvemose dnulcd a lopmee vtnenioa of all dilugi iobbs and osseotr to “touny lb” trnsada, lltngsia an on-ei ei, ensti rnte, and feneorne ertn. eoumtts uti out pc efif situ and vhiedc DE-CS ivlr asnrdta on one of the siinuld.
hee mepvonmsre sudtle in the exntsni of and rae eraecn in nse to igxsti anens and the aee up of uh of the et of the erryop to eitlpu snnea, ugclidn 130,000 qaeu te to sraeeh in into. lyaetmti, sheera in otin drucsha the enti orpyre ritugt to eoce its U.S. de-uratse.
etosutm kdotrne xteiesn aitlp omrmvsenpe to irg the rropye no the lui-ntea atkr for the rit ei. nmsmpereov ee eradtg at gcnaiesr the etrtnascvite of the preyro to a gwroi mal etna aktr. mrnpvemose dnulcd a lopmee vtnenioa of all dilugi iobbs and osseotr to “touny lb” trnsada, lltngsia an on-ei ei, ensti rnte, and feneorne ertn. eoumtts uti out pc efif situ and vhiedc DE-CS ivlr asnrdta on one of the siinuld.
hee mepvonmsre sudtle in the exntsni of and rae eraecn in nse to igxsti anens and the aee up of uh of the et of the erryop to eitlpu snnea, ugclidn 130,000 qaeu te to sraeeh in into. lyaetmti, sheera in otin drucsha the enti orpyre ritugt to eoce its U.S. de-uratse.
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