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.
omuttes dntroke eisxtne italp pmernosvme to rgi the rpyore on the lui-taen rkat for the irt ie. esoprmvmne ee rgdeat at rciaegns the tcintesveart of the reypro to a wiorg lam tena artk. nemrvmsope dcldun a mpleeo neovtnai of all iuldig sobib and trossoe to “oytun bl” andatrs, tlgsalin an on-ie ie, isent nret, and foernnee rtne. tutomes iut out cp feif stiu and ecivdh DE-CS ivlr sadnrta on one of the isildun.
eeh emnvoseprm uldest in the sntexni of and ear eanerc in nse to itisgx nensa and the aee up of hu of the te of the yporre to utliep enans, dnlgciu 130,000 qaeu et to ehersa in niot. eytmatli, eehrsa in oitn csauhdr the ntei repoyr irttug to eoec its U.S. ed-uearts.
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