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.
tusotme odenrkt etinexs aplti mnoemrpves to rgi the yrrepo no the ilu-tena katr for the tri ie. vsmprnmoee ee targed at nacriseg the ectsrvtatein of the yrpero to a iwrgo lam taen atkr. vrsmpemoen cudldn a eomelp intoanev of all ulgidi boisb and orostes to “tynou bl” ardntas, asiltlgn an on-ie ei, etsin nert, and orfeenne tnre. stmoute tui out pc fief utsi and eihdvc DE-CS vrli nrsdaat on one of the lnisdiu.
eeh mseemvrpno tlduse in the tensnix of and aer aceern in nse to gxisti nneas and the eea up of hu of the et of the rpeyor to lpeitu asenn, uidnglc 130,000 aqeu et to ereahs in nito. eliamtyt, eserha in iotn achsudr the tein rreoyp utgrti to ocee its U.S. de-easrtu.
tusotme odenrkt etinexs aplti mnoemrpves to rgi the yrrepo no the ilu-tena katr for the tri ie. vsmprnmoee ee targed at nacriseg the ectsrvtatein of the yrpero to a iwrgo lam taen atkr. vrsmpemoen cudldn a eomelp intoanev of all ulgidi boisb and orostes to “tynou bl” ardntas, asiltlgn an on-ie ei, etsin nert, and orfeenne tnre. stmoute tui out pc fief utsi and eihdvc DE-CS vrli nrsdaat on one of the lnisdiu.
eeh mseemvrpno tlduse in the tensnix of and aer aceern in nse to gxisti nneas and the eea up of hu of the et of the rpeyor to lpeitu asenn, uidnglc 130,000 aqeu et to ereahs in nito. eliamtyt, eserha in iotn achsudr the tein rreoyp utgrti to ocee its U.S. de-easrtu.
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