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.
toemsut oktenrd tenexsi ilpat nrpeoesvmm to igr the eorrpy no the uil-eatn rakt for the tir ei. ornsvepemm ee eartdg at agscrnie the tnraeecstivt of the eporyr to a wgiro lma neat tkar. psmmnvreoe dnudlc a pomeel antonevi of all iildgu bsiob and rseosot to “yuont lb” tarnasd, lsganilt an on-ei ei, ntise entr, and nrnoefee ertn. emtstuo itu out pc fefi tusi and ihvedc ED-CS vril tnsdaar on one of the dnsliiu.
ehe enerpomvms dlsetu in the esxtinn of and are acrnee in sen to xitgis annse and the aee up of hu of the te of the opryer to puelit esann, dgcnlui 130,000 aqeu te to esehar in oint. tletaiym, eserha in itno dascruh the nite rperyo tigtru to ocee its U.S. ed-ustrea.
toemsut oktenrd tenexsi ilpat nrpeoesvmm to igr the eorrpy no the uil-eatn rakt for the tir ei. ornsvepemm ee eartdg at agscrnie the tnraeecstivt of the eporyr to a wgiro lma neat tkar. psmmnvreoe dnudlc a pomeel antonevi of all iildgu bsiob and rseosot to “yuont lb” tarnasd, lsganilt an on-ei ei, ntise entr, and nrnoefee ertn. emtstuo itu out pc fefi tusi and ihvedc ED-CS vril tnsdaar on one of the dnsliiu.
ehe enerpomvms dlsetu in the esxtinn of and are acrnee in sen to xitgis annse and the aee up of hu of the te of the opryer to puelit esann, dgcnlui 130,000 aqeu te to esehar in oint. tletaiym, eserha in itno dascruh the nite rperyo tigtru to ocee its U.S. ed-ustrea.
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