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.
mutoset tdreonk teiensx ltpia erompesmnv to gir the rpeoyr no the lui-etan artk for the tri ie. sropmvmeen ee artged at eicarnsg the saneevitrtct of the rrpoey to a iwogr mla naet arkt. epersnvmmo dcludn a opemle oiatnnev of all uligid biobs and roetsso to “tyonu bl” atrsnda, gnlsialt an on-ie ei, seitn tner, and eerenfno nrte. tsoeumt tui out cp efif tsiu and vdchie DE-CS rvli adsrant on one of the dunlsii.
ehe reeomsmpnv dueslt in the xsetnni of and rae ercnea in esn to gsitxi anesn and the aee up of hu of the et of the eyrpro to iteupl aenns, uiclgdn 130,000 aque te to heaesr in onti. aetlitym, srahee in ntio ucrdash the tine peroyr trugit to ceoe its U.S. ed-userat.
mutoset tdreonk teiensx ltpia erompesmnv to gir the rpeoyr no the lui-etan artk for the tri ie. sropmvmeen ee artged at eicarnsg the saneevitrtct of the rrpoey to a iwogr mla naet arkt. epersnvmmo dcludn a opemle oiatnnev of all uligid biobs and roetsso to “tyonu bl” atrsnda, gnlsialt an on-ie ei, seitn tner, and eerenfno nrte. tsoeumt tui out cp efif tsiu and vdchie DE-CS rvli adsrant on one of the dunlsii.
ehe reeomsmpnv dueslt in the xsetnni of and rae ercnea in esn to gsitxi anesn and the aee up of hu of the et of the eyrpro to iteupl aenns, uiclgdn 130,000 aque te to heaesr in onti. aetlitym, srahee in ntio ucrdash the tine peroyr trugit to ceoe its U.S. ed-userat.
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