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.
otmuest ertndok siexent ptlia semrenomvp to igr the roryep on the lui-tnae tark for the rti ei. menmvrsope ee argdte at rcenisga the etvtcsatiren of the ryreop to a wrgio mal naet kart. vpemreonsm nddlcu a eelopm evantnio of all iuigld biosb and rstooes to “tynuo lb” anrstad, lliagnst an on-ie ie, isent ntre, and foeernen rten. outemst iut out pc ffie tsui and cehvid DE-CS vilr raatsnd on one of the dusilin.
eeh smeprmeovn etslud in the ixenstn of and rae eeranc in nse to igxtis anesn and the eea up of hu of the et of the eypror to uitepl anens, nigcdlu 130,000 ueqa te to shreea in nito. tealmtyi, shaeer in ntio adchsur the neti pyeror ritgut to eoec its U.S. de-aetsur.
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