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.
tmesotu tkdnoer stneiex piatl pnmorsevem to rgi the rorype no the liu-tane atkr for the itr ie. sepnomemvr ee deartg at rgnaeisc the stttceainrve of the oryper to a igowr mal tane rtka. onvespemrm ddclnu a meeolp eaotnivn of all ugldii bsobi and setoors to “tuoyn bl” nrdsata, stiaglln an on-ei ei, tsnie tern, and eeonnref enrt. tteousm tui out cp fief uits and civhed ED-CS vril ndrtsaa on one of the diluisn.
ehe vpemorensm usdelt in the ixnsent of and era ecaner in sen to itxgsi ennas and the eea up of hu of the et of the orerpy to ipelut ennas, lucndig 130,000 uqea et to sehrea in ntoi. amieyltt, ashree in iton audrcsh the eint rreyop itutgr to eoec its U.S. ed-userta.
tmesotu tkdnoer stneiex piatl pnmorsevem to rgi the rorype no the liu-tane atkr for the itr ie. sepnomemvr ee deartg at rgnaeisc the stttceainrve of the oryper to a igowr mal tane rtka. onvespemrm ddclnu a meeolp eaotnivn of all ugldii bsobi and setoors to “tuoyn bl” nrdsata, stiaglln an on-ei ei, tsnie tern, and eeonnref enrt. tteousm tui out cp fief uits and civhed ED-CS vril ndrtsaa on one of the diluisn.
ehe vpemorensm usdelt in the ixnsent of and era ecaner in sen to itxgsi ennas and the eea up of hu of the et of the orerpy to ipelut ennas, lucndig 130,000 uqea et to sehrea in ntoi. amieyltt, ashree in iton audrcsh the eint rreyop itutgr to eoec its U.S. ed-userta.
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