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.
mesuott okdnetr enxiest piatl nmremposev to rig the proyre no the uli-tena trka for the irt ie. mpsonmevre ee rtgade at ngsrceia the tctitsaveren of the poeyrr to a wiorg alm tnea artk. roevsmemnp uddncl a moleep eointavn of all iulidg bsobi and osetrso to “outny bl” narsdat, alligtns an on-ei ie, etisn rtne, and enerefno etnr. sotutme tiu out cp feif tisu and vhcied DE-CS rvli tanadrs on one of the nsdulii.
hee eopmsemnrv lsuted in the xnsetin of and era eanecr in esn to xgstii esnan and the eae up of uh of the et of the oyrpre to teplui nnaes, ldgnicu 130,000 aequ et to ersaeh in oint. ttamiyle, ashere in noit hrscuad the tnie roryep girttu to ceeo its U.S. de-utraes.
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