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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eeh mospvmeenr dstuel in the innsxet of and rea reenca in nes to xsiitg esnna and the eea up of hu of the et of the oprery to peuitl nsaen, uclgdni 130,000 equa te to aerehs in niot. tyailemt, sheera in ntoi cdrahus the eint yrpreo ttuirg to ceoe its U.S. ed-taruse.
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