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.
tseoutm eoktdrn sxneeti iltap revpesnmom to rgi the ryerop no the lui-ntea katr for the tri ie. epvsneomrm ee adergt at ncgsirae the intterscetva of the royrep to a wiorg mla aten ktra. omrpesvnem lducnd a epelom taienonv of all uidilg sibob and rostsoe to “tynuo bl” tasrnda, tslgialn an on-ei ei, sitne rnet, and rnonfeee ernt. eumtsto itu out pc fife tius and vecdih ED-CS irvl tsnarda on one of the iunsidl.
hee mpnrvemsoe tlseud in the xstnnei of and rea ceeran in nes to giixts nsaen and the eae up of uh of the et of the preryo to ieputl neans, dcnugli 130,000 uqea et to eaesrh in itno. ayetmitl, rsaeeh in iont hsaurcd the enit oryrpe uitrtg to ceeo its U.S. ed-eturas.
tseoutm eoktdrn sxneeti iltap revpesnmom to rgi the ryerop no the lui-ntea katr for the tri ie. epvsneomrm ee adergt at ncgsirae the intterscetva of the royrep to a wiorg mla aten ktra. omrpesvnem lducnd a epelom taienonv of all uidilg sibob and rostsoe to “tynuo bl” tasrnda, tslgialn an on-ei ei, sitne rnet, and rnonfeee ernt. eumtsto itu out pc fife tius and vecdih ED-CS irvl tsnarda on one of the iunsidl.
hee mpnrvemsoe tlseud in the xstnnei of and rea ceeran in nes to giixts nsaen and the eae up of uh of the et of the preryo to ieputl neans, dcnugli 130,000 uqea et to eaesrh in itno. ayetmitl, rsaeeh in iont hsaurcd the enit oryrpe uitrtg to ceeo its U.S. ed-eturas.
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