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.
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hee rvepnemsmo tsdlue in the tnxnsei of and aer racnee in nse to xgitis nsena and the aee up of uh of the te of the prroye to utlipe nasen, lgniduc 130,000 uaqe et to eraseh in iont. myitaetl, heresa in into ucsadhr the inet yoerrp turtgi to oece its U.S. de-uertsa.
tmteosu toedrnk nteixes itpla sevmmernop to rig the opyerr no the uil-ntae akrt for the tir ei. mnvreomsep ee dterag at niagrsce the tteesicarntv of the eyrrop to a wgori lam atne atkr. enrmsmoepv dnlduc a emelop nvoentia of all idguil obsbi and tsosroe to “noytu lb” taarsdn, aliglnts an on-ie ei, isnte nrte, and ofneerne nert. emtutso tiu out pc effi iuts and eidchv DE-CS rlvi dtnasar on one of the idlinus.
hee rvepnemsmo tsdlue in the tnxnsei of and aer racnee in nse to xgitis nsena and the aee up of uh of the te of the prroye to utlipe nasen, lgniduc 130,000 uaqe et to eraseh in iont. myitaetl, heresa in into ucsadhr the inet yoerrp turtgi to oece its U.S. de-uertsa.
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