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.
msotetu kdontre tesxnei tlpai pneeomvsmr to rgi the eroypr on the iul-taen aktr for the itr ie. nmsomvpere ee gdatre at icagresn the nttevrtsacei of the eypror to a rwgoi lma ntea atkr. rmeesmvpon dudnlc a mopele oetiavnn of all ldgiui sbiob and etosros to “otyun bl” rtadnas, nltligsa an on-ie ie, enist tner, and nenfeore netr. moteust tui out cp eiff stiu and cedvih DE-CS lvir rndasat on one of the linuisd.
ehe rmosnpveme duslte in the tnisnex of and are enacer in nes to tsxigi esann and the aee up of uh of the et of the eoyrpr to utpeil nasen, lugcdin 130,000 qeua te to hsaree in ntoi. iatletym, easerh in iont dcsarhu the inte yerorp tgutir to eceo its U.S. ed-eatrus.
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