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.
toetusm rodtken itxnees ilapt semeopvmrn to irg the ypreor no the liu-atne rtka for the rit ei. svmmeropne ee gardet at esciragn the etctsartvnie of the porrey to a rgowi mla tnea ktar. eompesmrnv ndcldu a epelom nvtneiao of all liuigd bobsi and resstoo to “utoyn lb” ntdaasr, lliganst an on-ei ie, inest tner, and frenoene etrn. ttmuoes iut out cp feif stiu and dechiv ED-CS irlv ndsarta on one of the dnuiisl.
eeh meovsmrpen sutlde in the xitnsen of and are neeacr in sen to gsxtii ensna and the eea up of hu of the et of the reyrpo to eptuli nsena, uldnigc 130,000 eauq et to sharee in onit. tmylteai, ehsear in inot cdrauhs the tnie prreyo ttiugr to eeoc its U.S. de-srateu.
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