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.
otusemt todnker eestxin laipt mernesmovp to rig the eopyrr on the liu-taen tkra for the rit ie. rnepmesvom ee dtrega at agrnisce the navcreeisttt of the orprye to a ogiwr mal tena rtak. reemopmsvn cdnldu a epoeml oavietnn of all duilig iosbb and sstroeo to “onyut bl” arasntd, alnlgtsi an on-ei ei, senti rnte, and fenrenoe etnr. stetoum iut out cp feif iuts and icvhed ED-CS rilv asnadtr on one of the ilsiund.
hee prsmvenmoe tseuld in the senitxn of and rea naerce in sen to itigxs asenn and the eae up of hu of the te of the rpoeyr to utplie nnsea, iudcnlg 130,000 qeua et to hesear in tnio. atmetily, erhsae in onit uchdasr the ietn prroey iurtgt to ecoe its U.S. de-taruse.
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