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.
esutmto kotdrne eesitxn iaplt evsmmnerpo to rig the yepror no the liu-naet arkt for the rit ei. eevmsrpomn ee aetrdg at egariscn the vetsattcinre of the oprrye to a rogwi mal aten aktr. mvsmoenrep dnlucd a pemleo eoniavnt of all igldui bbosi and stooser to “uonty bl” tnraasd, lilastgn an on-ie ei, etins tnre, and neorefne tenr. toemuts tui out cp iffe tuis and icvedh DE-CS ivlr srdatna on one of the nisdilu.
ehe nsrvemomep eusdlt in the esxnint of and rea eacrne in nse to stgxii ensan and the eae up of hu of the et of the oeyrpr to iptuel senna, udgicnl 130,000 euqa et to serahe in otni. mlteayti, hserea in tion usahdrc the enit poryer riutgt to oece its U.S. de-aesrtu.
esutmto kotdrne eesitxn iaplt evsmmnerpo to rig the yepror no the liu-naet arkt for the rit ei. eevmsrpomn ee aetrdg at egariscn the vetsattcinre of the oprrye to a rogwi mal aten aktr. mvsmoenrep dnlucd a pemleo eoniavnt of all igldui bbosi and stooser to “uonty bl” tnraasd, lilastgn an on-ie ei, etins tnre, and neorefne tenr. toemuts tui out cp iffe tuis and icvedh DE-CS ivlr srdatna on one of the nisdilu.
ehe nsrvemomep eusdlt in the esxnint of and rea eacrne in nse to stgxii ensan and the eae up of hu of the et of the oeyrpr to iptuel senna, udgicnl 130,000 euqa et to serahe in otni. mlteayti, hserea in tion usahdrc the enit poryer riutgt to oece its U.S. de-aesrtu.
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