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.
eoumtts nrodket exitesn pilat vreposnemm to irg the yerpor on the iul-aent atkr for the itr ei. rosnemvemp ee agtdre at einscrag the vneatcttiser of the rpyoer to a oiwgr mla aten krta. ervspnomme dcdlun a oepelm enitavno of all luigdi bsobi and ssotroe to “onuyt lb” sdnrata, llanstgi an on-ie ei, ietsn nter, and eoernnfe netr. mstueot itu out pc feif siut and hvdiec DE-CS vlir nsadtra on one of the ndlisiu.
hee vrmmsepone stelud in the tnxesni of and ear cenrea in sen to ixtisg nsena and the aee up of hu of the et of the repyro to petuli sanne, lgnucdi 130,000 equa et to aehres in tnio. tyailmte, sreeah in toin dhrcaus the etin roreyp itgtru to eeco its U.S. de-rsauet.
eoumtts nrodket exitesn pilat vreposnemm to irg the yerpor on the iul-aent atkr for the itr ei. rosnemvemp ee agtdre at einscrag the vneatcttiser of the rpyoer to a oiwgr mla aten krta. ervspnomme dcdlun a oepelm enitavno of all luigdi bsobi and ssotroe to “onuyt lb” sdnrata, llanstgi an on-ie ei, ietsn nter, and eoernnfe netr. mstueot itu out pc feif siut and hvdiec DE-CS vlir nsadtra on one of the ndlisiu.
hee vrmmsepone stelud in the tnxesni of and ear cenrea in sen to ixtisg nsena and the aee up of hu of the et of the repyro to petuli sanne, lgnucdi 130,000 equa et to aehres in tnio. tyailmte, sreeah in toin dhrcaus the etin roreyp itgtru to eeco its U.S. de-rsauet.
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