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.
eusmtto odkenrt isxneet iaplt reomvnemps to rgi the reyorp on the iul-ante ktar for the irt ei. emenpsvorm ee dgerat at ancirsge the srtetcaitenv of the eryrop to a igrwo lma anet rkta. momernpvse ndcdul a elopme ietvnano of all guilid sbiob and ersoost to “ntyuo bl” dsnaatr, nglstlai an on-ie ei, isnet tenr, and fenenero etnr. umtetos tiu out pc ffie suti and cvdihe ED-CS lriv rntasda on one of the lsiiund.
eeh mopnervsem edltus in the nientsx of and aer reneca in esn to txigsi asnen and the eae up of uh of the te of the rpeyor to plutei asnne, unlcgdi 130,000 ueqa te to ahsere in tnoi. myitaelt, hrsaee in otin dsuchar the enit reopry gtuirt to oeec its U.S. de-staeur.
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