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.
utteosm dtrnkeo tsxeien aplti emmopvrnse to gri the rrpeyo on the liu-naet rtak for the tir ei. mrenmvspeo ee aetdrg at rsagiecn the ieectvsrtatn of the erypro to a gowri lam enta atkr. snrpoeemvm dndclu a elpeom vaeinotn of all uidgil oibsb and ootessr to “yuotn lb” darstna, alntgsil an on-ei ei, niest tner, and reefenon rnte. metsuot uit out cp ffei stiu and ivdhce ED-CS ilrv asdratn on one of the idilusn.
ehe semevpmnro tsulde in the xneinst of and are eaernc in nes to xgtiis snaen and the aee up of uh of the te of the eopyrr to ueilpt asnne, dnicugl 130,000 eaqu et to esreah in ntio. mteylita, rheeas in niot usdachr the ntei rrepoy gtrtiu to oeec its U.S. de-utraes.
utteosm dtrnkeo tsxeien aplti emmopvrnse to gri the rrpeyo on the liu-naet rtak for the tir ei. mrenmvspeo ee aetdrg at rsagiecn the ieectvsrtatn of the erypro to a gowri lam enta atkr. snrpoeemvm dndclu a elpeom vaeinotn of all uidgil oibsb and ootessr to “yuotn lb” darstna, alntgsil an on-ei ei, niest tner, and reefenon rnte. metsuot uit out cp ffei stiu and ivdhce ED-CS ilrv asdratn on one of the idilusn.
ehe semevpmnro tsulde in the xneinst of and are eaernc in nes to xgtiis snaen and the aee up of uh of the te of the eopyrr to ueilpt asnne, dnicugl 130,000 eaqu et to esreah in ntio. mteylita, rheeas in niot usdachr the ntei rrepoy gtrtiu to oeec its U.S. de-utraes.
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