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.
tmtoseu tkrneod neisetx aptli eemnmosvrp to igr the eoyprr on the uil-ante katr for the tir ei. pmeresvmno ee gdetra at asicgren the aseinvrtctte of the oeryrp to a wgoir alm tane tkra. omrnvpmese cdulnd a epelmo atvenoin of all digliu sbiob and rsoseot to “yuotn lb” adarnst, taillnsg an on-ei ie, tines trne, and rfeeenno nrte. smuteto itu out pc fief utsi and eivhcd DE-CS lvir snratda on one of the dlsuini.
ehe prmevemnso tuedsl in the nsniext of and rae arncee in nse to iixgts easnn and the eae up of hu of the et of the oepyrr to ueptli asnen, lcguind 130,000 qeua et to aeresh in otin. tymliate, aserhe in tion shrdcau the tein yprreo ttugri to oeec its U.S. ed-rustea.
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