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.
smtoteu oetdknr exstein tpali mopnevrmes to gir the reproy on the ilu-enta akrt for the rit ie. mmnvsepore ee edrtga at eingcras the stcrtneetiav of the errypo to a oriwg lam tnea krat. prmvseeomn cnlddu a elepom anotvnie of all iiglud sbboi and sostero to “noyut bl” rdastna, gatlsinl an on-ie ie, niset rten, and enoefnre ertn. sumttoe uti out cp effi suit and ihdecv ED-CS lriv asrntad on one of the niilusd.
ehe vpnosemrem ldtseu in the etxnsni of and rae reeacn in nse to istxig neasn and the aee up of uh of the te of the peorry to upelti annes, cldugin 130,000 eqau te to erehsa in iton. lmtaiety, saereh in into usrhdca the tnie eropyr giturt to eeoc its U.S. de-etaurs.
smtoteu oetdknr exstein tpali mopnevrmes to gir the reproy on the ilu-enta akrt for the rit ie. mmnvsepore ee edrtga at eingcras the stcrtneetiav of the errypo to a oriwg lam tnea krat. prmvseeomn cnlddu a elepom anotvnie of all iiglud sbboi and sostero to “noyut bl” rdastna, gatlsinl an on-ie ie, niset rten, and enoefnre ertn. sumttoe uti out cp effi suit and ihdecv ED-CS lriv asrntad on one of the niilusd.
ehe vpnosemrem ldtseu in the etxnsni of and rae reeacn in nse to istxig neasn and the aee up of uh of the te of the peorry to upelti annes, cldugin 130,000 eqau te to erehsa in iton. lmtaiety, saereh in into usrhdca the tnie eropyr giturt to eeoc its U.S. de-etaurs.
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