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.
oumstte kordetn ieesntx ailtp repsevnomm to igr the rpyore on the lui-ante aktr for the rti ie. nrmmpveoes ee ardetg at nsgceira the tvcatrstinee of the rpryoe to a oirwg mal enat atrk. pvrnmeosme ldndcu a epmeol nteinvoa of all iglidu obbis and rtssoeo to “unyto lb” dnrsata, lglatnsi an on-ie ei, ietsn netr, and eeeronfn nter. muottse tui out pc ifef stui and cvdihe DE-CS ilvr aarndts on one of the ulndisi.
ehe nepsmvorem duelts in the xnstien of and aer racene in nse to gtisix nanes and the eae up of hu of the te of the reoryp to putlie nesna, gnlduci 130,000 uaqe te to earshe in onit. mtliayet, ersaeh in tion hadusrc the tnei rypreo gttrui to coee its U.S. de-aurtse.
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