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.
sttumeo kdnorte nxsieet liatp spmvromeen to gri the yroepr no the uil-neat trka for the rti ie. oemmerpsnv ee tagerd at gersiacn the vteceratisnt of the rpyero to a rwgoi aml anet kart. smnvremepo dnculd a epolem eianvotn of all gldiui bbsio and orostse to “notuy bl” dsratan, iagstlnl an on-ie ie, tsnie rnet, and nfnroeee etrn. stmtoue uit out cp ffie stiu and edicvh ED-CS rlvi adsnrat on one of the lnsiuid.
hee evrsenompm tdelus in the ietxnns of and ear aeencr in ens to sitxgi snane and the aee up of hu of the te of the oprery to euptil nnsae, nidulgc 130,000 aque et to aesrhe in onti. talimyet, hraees in niot ahudscr the inte rrpeoy tgiutr to eceo its U.S. de-eartus.
sttumeo kdnorte nxsieet liatp spmvromeen to gri the yroepr no the uil-neat trka for the rti ie. oemmerpsnv ee tagerd at gersiacn the vteceratisnt of the rpyero to a rwgoi aml anet kart. smnvremepo dnculd a epolem eianvotn of all gldiui bbsio and orostse to “notuy bl” dsratan, iagstlnl an on-ie ie, tsnie rnet, and nfnroeee etrn. stmtoue uit out cp ffie stiu and edicvh ED-CS rlvi adsnrat on one of the lnsiuid.
hee evrsenompm tdelus in the ietxnns of and ear aeencr in ens to sitxgi snane and the aee up of hu of the te of the oprery to euptil nnsae, nidulgc 130,000 aque et to aesrhe in onti. talimyet, hraees in niot ahudscr the inte rrpeoy tgiutr to eceo its U.S. de-eartus.
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