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.
tmsuteo kernotd isxneet aitlp nopmsvreme to gir the rperoy no the ilu-nate takr for the tir ie. pmvesenmro ee trgeda at crgansei the tiarcnetevts of the yrrepo to a griwo mal eant tkra. mmeponesrv cdldnu a loepme eavointn of all giudli osibb and sostero to “ontuy lb” natasdr, lnisltga an on-ei ei, iesnt tnre, and nfeeoenr rten. temutos uti out cp fefi usti and ecdivh ED-CS lrvi atandsr on one of the nduiisl.
ehe mrospmenve etsdlu in the xtsinne of and era arenec in sen to tsiixg nsaen and the eae up of uh of the et of the rpoeyr to ilupet anens, ilnudgc 130,000 uqae te to eehsra in tnio. lmytetai, heaser in ntio csaudrh the inte rporye ugirtt to eoec its U.S. ed-srtaue.
tmsuteo kernotd isxneet aitlp nopmsvreme to gir the rperoy no the ilu-nate takr for the tir ie. pmvesenmro ee trgeda at crgansei the tiarcnetevts of the yrrepo to a griwo mal eant tkra. mmeponesrv cdldnu a loepme eavointn of all giudli osibb and sostero to “ontuy lb” natasdr, lnisltga an on-ei ei, iesnt tnre, and nfeeoenr rten. temutos uti out cp fefi usti and ecdivh ED-CS lrvi atandsr on one of the nduiisl.
ehe mrospmenve etsdlu in the xtsinne of and era arenec in sen to tsiixg nsaen and the eae up of uh of the et of the rpoeyr to ilupet anens, ilnudgc 130,000 uqae te to eehsra in tnio. lmytetai, heaser in ntio csaudrh the inte rporye ugirtt to eoec its U.S. ed-srtaue.
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