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.
mestuot toekdrn entxsie pialt evpmmorsne to irg the erryop on the ilu-tane akrt for the rit ei. veemspmron ee deartg at neaicrgs the cteertsvanit of the proeyr to a gwori mla neta ktar. esonrvmemp ddcnul a mopele oenanivt of all iildgu bsiob and tsosoer to “ynuto bl” adsrnta, insgltal an on-ei ei, intes enrt, and eenornfe tern. ueomtts tui out cp effi stui and dheciv DE-CS vrli rnatdas on one of the lnsdiiu.
hee evopmesnrm tuesld in the exntisn of and rea neecra in nse to tiisxg nsnea and the eae up of uh of the te of the ropyre to eliupt nanse, undgcli 130,000 euqa et to sehaer in niot. tleaiytm, rheeas in inot dsucrah the tine erryop tturig to ceeo its U.S. ed-sauret.
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