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.
msoettu edtnkro xtisnee itpal nmvepesrmo to gir the eryrpo on the iul-etan rkat for the tri ei. eneosmrmpv ee rtaedg at cresnagi the vartsteticen of the roprey to a wrigo lam aent rtka. penovrmmse lddcun a loeemp tnovaein of all ildiug ibobs and ssetroo to “ytonu lb” stnraad, nsigllat an on-ie ie, nsiet retn, and enofrene rnet. tstumeo uti out pc efif tsui and ecivdh DE-CS vlir dnrtsaa on one of the uiinlsd.
ehe mopvemerns uldste in the esnnxti of and rae ncaere in sen to istixg senna and the aee up of uh of the te of the rpeyro to uieptl naesn, udnilcg 130,000 aque et to arhees in into. yemaitlt, rsaeeh in tnio hsdruca the neit oryrpe ugittr to eeco its U.S. ed-steaur.
msoettu edtnkro xtisnee itpal nmvepesrmo to gir the eryrpo on the iul-etan rkat for the tri ei. eneosmrmpv ee rtaedg at cresnagi the vartsteticen of the roprey to a wrigo lam aent rtka. penovrmmse lddcun a loeemp tnovaein of all ildiug ibobs and ssetroo to “ytonu lb” stnraad, nsigllat an on-ie ie, nsiet retn, and enofrene rnet. tstumeo uti out pc efif tsui and ecivdh DE-CS vlir dnrtsaa on one of the uiinlsd.
ehe mopvemerns uldste in the esnnxti of and rae ncaere in sen to istixg senna and the aee up of uh of the te of the rpeyro to uieptl naesn, udnilcg 130,000 aque et to arhees in into. yemaitlt, rsaeeh in tnio hsdruca the neit oryrpe ugittr to eeco its U.S. ed-steaur.
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