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 enopvrmesm lsutde in the xetsnni of and ear raceen in nes to gxstii ansne and the eea up of hu of the te of the yoprre to uiplte nneas, dlinguc 130,000 aueq et to saeehr in toni. iymaltte, aeeshr in toni drcsuha the ntei rreoyp tigrtu to ocee its U.S. de-asuret.
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