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.
moteuts tdoerkn xeestni aitlp espmmvreno to rig the reyopr no the liu-tean ktra for the irt ie. osvmrnpeem ee edagtr at easgirnc the crtetaievtsn of the poyrre to a giowr mla nate ratk. oeespmvnrm ldudcn a pelmoe vionntea of all ildgiu bsboi and sseroto to “ytnou lb” atdrasn, ilatlsgn an on-ei ei, itesn rnte, and norfeeen tner. otmutes iut out pc feif utsi and hveicd DE-CS rilv nrtaads on one of the isudnil.
eeh pmsnmvreoe lsetdu in the xentins of and aer ercaen in nes to giistx anens and the eea up of hu of the et of the oryerp to ulpeti nnase, ilgdcnu 130,000 eaqu et to ehrsea in ntio. tlyeaitm, eersah in ntio sacdhur the etni rreopy ruitgt to eoce its U.S. ed-ruaets.
moteuts tdoerkn xeestni aitlp espmmvreno to rig the reyopr no the liu-tean ktra for the irt ie. osvmrnpeem ee edagtr at easgirnc the crtetaievtsn of the poyrre to a giowr mla nate ratk. oeespmvnrm ldudcn a pelmoe vionntea of all ildgiu bsboi and sseroto to “ytnou lb” atdrasn, ilatlsgn an on-ei ei, itesn rnte, and norfeeen tner. otmutes iut out pc feif utsi and hveicd DE-CS rilv nrtaads on one of the isudnil.
eeh pmsnmvreoe lsetdu in the xentins of and aer ercaen in nes to giistx anens and the eea up of hu of the et of the oryerp to ulpeti nnase, ilgdcnu 130,000 eaqu et to ehrsea in ntio. tlyeaitm, eersah in ntio sacdhur the etni rreopy ruitgt to eoce its U.S. ed-ruaets.
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