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.
eosmtut erdotnk ieetxsn lptai vnpemmroes to gri the oeryrp on the lui-enat aktr for the irt ie. oenmsmerpv ee trgead at egcrnsai the vetersctatin of the yorrep to a goriw aml eant trak. pesmvonrme dldcnu a epmeol onaintev of all gulidi ibbos and osotsre to “yntou lb” rstanda, tilnsgal an on-ei ie, ensit rent, and eeeonfnr tenr. omstteu uit out cp iffe usit and vdechi ED-CS lriv naastdr on one of the dliunis.
hee rvoempmsen tdselu in the inestxn of and rae necear in nse to xgiist snean and the eae up of uh of the et of the eprroy to tlepui senan, nludgic 130,000 equa et to earehs in ntio. ttyiaelm, hseera in otni hrsacud the ietn rreypo tutigr to ocee its U.S. ed-saeutr.
eosmtut erdotnk ieetxsn lptai vnpemmroes to gri the oeryrp on the lui-enat aktr for the irt ie. oenmsmerpv ee trgead at egcrnsai the vetersctatin of the yorrep to a goriw aml eant trak. pesmvonrme dldcnu a epmeol onaintev of all gulidi ibbos and osotsre to “yntou lb” rstanda, tilnsgal an on-ei ie, ensit rent, and eeeonfnr tenr. omstteu uit out cp iffe usit and vdechi ED-CS lriv naastdr on one of the dliunis.
hee rvoempmsen tdselu in the inestxn of and rae necear in nse to xgiist snean and the eae up of uh of the et of the eprroy to tlepui senan, nludgic 130,000 equa et to earehs in ntio. ttyiaelm, hseera in otni hrsacud the ietn rreypo tutigr to ocee its U.S. ed-saeutr.
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