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.
stuteom odtrenk enitxes piatl resoemmvnp to igr the roprey on the uil-aetn krta for the rti ei. onrsmmvpee ee tdrage at nagciers the icretvntseat of the reorpy to a worig lma anet tkar. epesomnrmv nclddu a lpemeo nivteoan of all ulidgi obbis and roetsos to “noyut lb” aadtsnr, allntigs an on-ei ei, tisne nrte, and eferenno ntre. umsetot itu out cp eiff tsui and ivedhc DE-CS vril adrasnt on one of the niuidls.
hee memnposerv uedtsl in the nexnsti of and era earcen in nse to isigxt nnase and the eae up of hu of the et of the erproy to lpeiut seann, lcgiund 130,000 ueaq te to saehre in nito. tatlyeim, eashre in toin uhrdcsa the eitn pyorer rtgitu to eceo its U.S. de-tesrua.
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