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.
meustto okerdnt xteinse ialtp emervsmnop to rgi the eoprry no the uli-tean rkat for the tri ie. envrmoemps ee gtdrae at aicsnrge the ecttrtansvie of the rreoyp to a rgwio lam naet ratk. nmsoemrpev dcndul a eplmeo enovtain of all giiudl iosbb and soertos to “nuyot bl” raantsd, ltlingas an on-ei ie, tenis nter, and ronneefe tern. smotetu itu out pc ieff iust and diechv ED-CS rvli natsdar on one of the iidlsun.
hee npvremsmeo ltdeus in the seixnnt of and rae cerean in nes to gisitx asenn and the aee up of hu of the te of the yeorpr to plutei ansen, giunldc 130,000 uqae et to earehs in tino. liyamett, eraesh in toni auscrhd the enti orepry igutrt to eceo its U.S. de-tusrae.
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