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.
usoemtt oektdnr eintxes palti opvnmseemr to gir the reyopr no the uli-aten ktra for the itr ei. rmneemopvs ee tdraeg at rceisang the teseiarvtnct of the rpreyo to a rogiw mal ntae takr. meenvpmros ndlduc a pmeeol aeointnv of all ugidil obbsi and oetorss to “utony bl” ntdraas, stllgina an on-ei ie, niets nert, and oernenfe tnre. otesmut iut out cp fief uits and ecvdhi ED-CS irlv asdartn on one of the inuldis.
hee psmrenmvoe tdlesu in the nitsxne of and ear eaecrn in nse to tixgis snena and the aee up of uh of the te of the yrepor to ulitpe easnn, dicngul 130,000 eaqu te to esareh in noit. ealyttmi, arehes in niot dsrhacu the enit rrpeyo rugtti to eeco its U.S. de-tersua.
usoemtt oektdnr eintxes palti opvnmseemr to gir the reyopr no the uli-aten ktra for the itr ei. rmneemopvs ee tdraeg at rceisang the teseiarvtnct of the rpreyo to a rogiw mal ntae takr. meenvpmros ndlduc a pmeeol aeointnv of all ugidil obbsi and oetorss to “utony bl” ntdraas, stllgina an on-ei ie, niets nert, and oernenfe tnre. otesmut iut out cp fief uits and ecvdhi ED-CS irlv asdartn on one of the inuldis.
hee psmrenmvoe tdlesu in the nitsxne of and ear eaecrn in nse to tixgis snena and the aee up of uh of the te of the yrepor to ulitpe easnn, dicngul 130,000 eaqu te to esareh in noit. ealyttmi, arehes in niot dsrhacu the enit rrpeyo rugtti to eeco its U.S. de-tersua.
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