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 vmemernops dslteu in the nxsient of and era encear in nse to sigtix nenas and the aee up of hu of the te of the porery to upetli annse, dglunic 130,000 uaqe et to aeesrh in oitn. emtiytal, easerh in into hdsaucr the itne oerrpy irttgu to eceo its U.S. de-sarteu.
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