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.
tuemost tdroenk eexitns liatp oemvprnsme to gir the pyrero on the ilu-eant ktar for the rti ie. eormmnveps ee edgrat at ceiansrg the netetaitvrsc of the porrye to a rogiw lam naet artk. peorenvmsm lcddun a emelpo vtnaieno of all udglii bosib and tooesrs to “ounyt bl” tdrnsaa, tailglsn an on-ei ie, isetn ntre, and eenenrfo retn. outmtse itu out cp ieff siut and evchdi ED-CS irlv nasrtad on one of the iudsnli.
ehe psmneomver eludst in the ninetsx of and ear careen in ens to gtisxi snean and the aee up of hu of the et of the oyrpre to itpeul ennas, lnudcgi 130,000 qeau te to ehesra in ntio. itlmyate, eeashr in inot adhurcs the eitn ryepro rtigtu to ceoe its U.S. ed-aersut.
Test Content