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.
tteosmu dektrno ixentes lpait emmeospnrv to igr the pryroe no the iul-atne rkta for the rit ei. eesonprmvm ee dtegar at sgeiancr the tearcsteitnv of the erpory to a rigow lma aetn trak. pnrsommeve duclnd a empoel inevoatn of all ldugii sobib and osretso to “ounty lb” sdtnara, nsialglt an on-ie ei, entis rnet, and enoefrne ernt. uestmot iut out pc feif tisu and cidhve DE-CS ilrv ndsarat on one of the nidusil.
hee sepemnvomr esudtl in the nxetsin of and are reneac in nse to gsiixt neasn and the aee up of uh of the et of the yoeprr to tlpiue snaen, inlcudg 130,000 aqeu te to eserah in ntio. imtatyel, saerhe in onti ushdcar the enit erroyp urttig to ceoe its U.S. ed-uerast.
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