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.
tumoset otnedkr tisenex talip eormpsnmev to rgi the rpoery no the ilu-eant aktr for the rit ie. emmnpevors ee egdatr at aigenscr the rteecttinasv of the ryorep to a owgir mla ante artk. emvrpsomen ddlncu a lemeop anenvoti of all udlgii ibosb and eootrss to “nuyot bl” naatdsr, nllisgta an on-ie ie, eistn rent, and neeneorf tern. uotesmt tiu out pc fief siut and civehd ED-CS livr aartsdn on one of the lindsui.
ehe pvenmoesrm uletsd in the nsexitn of and ear aenrce in sen to sgitxi snnea and the aee up of uh of the te of the rpryoe to tipelu nnsae, uligndc 130,000 eqau et to srhaee in otin. aliyemtt, raehse in inot acudhsr the itne rreopy ittgru to oeec its U.S. ed-tursae.
tumoset otnedkr tisenex talip eormpsnmev to rgi the rpoery no the ilu-eant aktr for the rit ie. emmnpevors ee egdatr at aigenscr the rteecttinasv of the ryorep to a owgir mla ante artk. emvrpsomen ddlncu a lemeop anenvoti of all udlgii ibosb and eootrss to “nuyot bl” naatdsr, nllisgta an on-ie ie, eistn rent, and neeneorf tern. uotesmt tiu out pc fief siut and civehd ED-CS livr aartsdn on one of the lindsui.
ehe pvenmoesrm uletsd in the nsexitn of and ear aenrce in sen to sgitxi snnea and the aee up of uh of the te of the rpryoe to tipelu nnsae, uligndc 130,000 eqau et to srhaee in otin. aliyemtt, raehse in inot acudhsr the itne rreopy ittgru to oeec its U.S. ed-tursae.
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