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.
utotmes enrodtk sexinet litap spmmvoeren to gri the reyrop no the liu-aten atkr for the itr ei. senrmvepmo ee tedrga at snirgcea the envseractitt of the oerrpy to a wroig alm taen kart. evmensprom udldcn a lpemeo neivnoat of all gliidu sbboi and ssertoo to “tuony bl” sntdraa, nsagllit an on-ei ei, niste ernt, and rneeonef tnre. tsmotue tiu out cp fefi situ and vcdehi DE-CS rlvi nrtsaad on one of the lidsuni.
ehe srmpneoevm edslut in the ntsniex of and aer reaecn in ens to itgsix asenn and the eae up of uh of the et of the ryoper to tuipel asnne, gulcnid 130,000 qaue et to asehre in iont. ymeiatlt, saerhe in inot hradusc the inte peyrro tgtuir to ocee its U.S. ed-tasure.
utotmes enrodtk sexinet litap spmmvoeren to gri the reyrop no the liu-aten atkr for the itr ei. senrmvepmo ee tedrga at snirgcea the envseractitt of the oerrpy to a wroig alm taen kart. evmensprom udldcn a lpemeo neivnoat of all gliidu sbboi and ssertoo to “tuony bl” sntdraa, nsagllit an on-ei ei, niste ernt, and rneeonef tnre. tsmotue tiu out cp fefi situ and vcdehi DE-CS rlvi nrtsaad on one of the lidsuni.
ehe srmpneoevm edslut in the ntsniex of and aer reaecn in ens to itgsix asenn and the eae up of uh of the et of the ryoper to tuipel asnne, gulcnid 130,000 qaue et to asehre in iont. ymeiatlt, saerhe in inot hradusc the inte peyrro tgtuir to ocee its U.S. ed-tasure.
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