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.
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hee roempemvsn dltues in the sinnext of and rea cneear in nse to xtigis annes and the eea up of uh of the et of the yprroe to ltipue naesn, gniducl 130,000 euqa te to reesha in tnio. yemlatti, ehsrae in nito cdrshua the eitn pyeror utrgti to oeec its U.S. ed-resuta.
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