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.
omeustt rdtonke iexents apilt mverosnmep to igr the orrepy no the liu-eant trak for the tir ie. rpvmsomeen ee ratdge at aesnrcig the ettvtiscrane of the yeprro to a rwigo mla eatn rtka. vmenmsrpeo dldnuc a epeoml ateovnin of all gdiilu oibbs and steoosr to “uyont lb” dastrna, lngtasil an on-ei ei, tnesi etnr, and oenerfen nret. etomsut uti out pc ffei usit and eicdvh DE-CS vril tansadr on one of the slnduii.
hee emsvpmonre edstul in the tnexnis of and rae ncerae in sen to isxigt enasn and the eae up of hu of the te of the rproey to utlepi seann, dinlcgu 130,000 aequ et to seareh in iotn. matytile, ahsree in iont ardshuc the nite poeyrr tritgu to oece its U.S. ed-setrua.
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