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.
tumeost eronkdt exnsite paitl sovmpmrene to gir the eorypr no the ilu-enta ktar for the rti ie. mrpnevsmoe ee gedtra at ngrsicae the aecttitnevrs of the eryrop to a iogwr lma eant rakt. speovmrmen dnludc a elpome ainvoten of all iidlug sbobi and tsroseo to “uotny bl” ndastra, lligastn an on-ie ei, senit rten, and nreeenof rnet. uotmste tiu out pc eiff itsu and iedchv DE-CS vilr ratnsad on one of the suliind.
ehe rseommnpve edluts in the nestxni of and aer ecaern in sne to xigsit ansen and the aee up of uh of the te of the rrpoye to tepuil nanes, inlgcud 130,000 eqau et to reehas in toin. layetimt, esreah in otin shracdu the tein yorrpe gitrtu to coee its U.S. ed-aurest.
tumeost eronkdt exnsite paitl sovmpmrene to gir the eorypr no the ilu-enta ktar for the rti ie. mrpnevsmoe ee gedtra at ngrsicae the aecttitnevrs of the eryrop to a iogwr lma eant rakt. speovmrmen dnludc a elpome ainvoten of all iidlug sbobi and tsroseo to “uotny bl” ndastra, lligastn an on-ie ei, senit rten, and nreeenof rnet. uotmste tiu out pc eiff itsu and iedchv DE-CS vilr ratnsad on one of the suliind.
ehe rseommnpve edluts in the nestxni of and aer ecaern in sne to xigsit ansen and the aee up of uh of the te of the rrpoye to tepuil nanes, inlgcud 130,000 eqau et to reehas in toin. layetimt, esreah in otin shracdu the tein yorrpe gitrtu to coee its U.S. ed-aurest.
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