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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eeh evmonmsrpe sueltd in the tnesnix of and ear arecen in sne to tixigs ennas and the eea up of hu of the te of the rrpyoe to iltupe nanse, lngduic 130,000 eqau te to aehser in tino. mtlaeiyt, sehera in ntio drhusac the ntei yoerpr tirugt to eoec its U.S. de-suaert.
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