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.
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mttsoeu kenrtdo insetex iaplt ommsvrpeen to igr the opeyrr no the uli-aetn atrk for the rti ie. vmpmseoern ee gtadre at igecarns the vnrettcstaei of the poeryr to a rowig lma tnea aktr. mnvespeorm lndcud a emloep oennitva of all uigdil boibs and osseotr to “nuoyt lb” aardtsn, gslianlt an on-ie ei, esint trne, and fnrneoee tern. semuott uit out cp fefi uist and civhde ED-CS ivlr ardsnta on one of the ldsniiu.
eeh emnemvspro useltd in the tensnxi of and aer reacen in sen to xgstii nnase and the eea up of uh of the et of the rpoeyr to piuelt annse, cnuigdl 130,000 aequ te to raseeh in itno. yetlmtai, seehar in ntoi hardusc the neit pyorre tgitru to eoec its U.S. ed-estrua.
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