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.
osemttu onktdre sxneite ialpt merpvsomen to rig the perroy no the liu-anet tkar for the rti ie. enpsmoevrm ee eagrdt at reisgacn the tevscrnetati of the rpeyor to a ogrwi lma aetn ktar. mrmvpeseno lucndd a epelmo vitonnea of all luidgi sbibo and otssore to “ntuoy bl” aadsnrt, nigaltsl an on-ie ei, etins rtne, and enrnfeeo trne. ouesttm itu out pc fife siut and vedchi ED-CS vrli santrda on one of the usndili.
ehe eospmmrnve letuds in the enxsint of and rea aenerc in sen to gixtis aenns and the aee up of hu of the et of the eporyr to piutle naens, cdnulgi 130,000 aequ et to rhasee in inot. eymitatl, eesahr in tino ushrcda the itne roprey ritgut to ceeo its U.S. de-trsaue.
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