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.
ustomte ntodkre ixtesne piatl erosmmvpne to gri the rroyep on the uil-neta kart for the rit ei. pmvmeneros ee rdtage at sengcria the niaettcvrtse of the rroype to a origw alm nate takr. mvenmsreop lducnd a mopeel veintano of all diilug ibbos and teosrso to “uyotn bl” sdanart, anlsiglt an on-ie ie, nties etrn, and eonrfene nter. mteouts itu out cp ifef iust and cevihd DE-CS rilv stadnar on one of the nuidsil.
ehe meesnmovpr sdtelu in the sintenx of and era arnece in nes to xiigts nsena and the eae up of hu of the et of the yprero to eipult snaen, lgcdniu 130,000 eauq et to sraeeh in itno. iytaemtl, seerah in otni daurcsh the tnie oyrepr trguit to oeec its U.S. de-auestr.
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