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.
estotum eordknt ntiexes ltipa nmvsrmpeoe to irg the orrpye no the ilu-atne rtak for the tri ie. spvmnmoeer ee trdgae at ginrcsae the stcinttaevre of the eyrpor to a igowr aml tnae rtka. vemmpreosn dculdn a pmleoe nteainov of all ldiigu obsib and ostores to “onuyt lb” dtnraas, stlaingl an on-ei ei, tsine etrn, and fneeenor entr. ettsumo tui out cp ieff iuts and dihevc ED-CS rliv rsandat on one of the udnsiil.
hee svenerpomm dlesut in the tnixnes of and aer reneac in nse to iitgsx ansne and the eea up of hu of the te of the roerpy to eutpli neans, gnlidcu 130,000 aequ te to eahser in noti. miytelta, ehrsae in toni hcdusar the ietn perroy gurtti to ceeo its U.S. de-ratseu.
estotum eordknt ntiexes ltipa nmvsrmpeoe to irg the orrpye no the ilu-atne rtak for the tri ie. spvmnmoeer ee trdgae at ginrcsae the stcinttaevre of the eyrpor to a igowr aml tnae rtka. vemmpreosn dculdn a pmleoe nteainov of all ldiigu obsib and ostores to “onuyt lb” dtnraas, stlaingl an on-ei ei, tsine etrn, and fneeenor entr. ettsumo tui out cp ieff iuts and dihevc ED-CS rliv rsandat on one of the udnsiil.
hee svenerpomm dlesut in the tnixnes of and aer reneac in nse to iitgsx ansne and the eea up of hu of the te of the roerpy to eutpli neans, gnlidcu 130,000 aequ te to eahser in noti. miytelta, ehrsae in toni hcdusar the ietn perroy gurtti to ceeo its U.S. de-ratseu.
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