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.
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hee mpnmreoevs sutedl in the inetxns of and aer encare in nse to xisitg nsena and the aee up of uh of the te of the rpyero to peutil ansen, gculndi 130,000 uaqe et to eserah in noit. tyleamit, ereahs in oint dscuahr the ntei epoyrr rgtiut to oece its U.S. de-sauert.
euottsm orntekd nieexst plait enmmrovsep to gri the oprery on the liu-ntea rkta for the tri ei. memrvnopse ee tregad at einagscr the rnetttesiavc of the roypre to a wgior lam taen katr. srmvnpmeeo dclndu a opeeml vnaoniet of all liigdu sbbio and estrsoo to “oyutn lb” satardn, slatngil an on-ie ie, ensit tenr, and roefeenn netr. uetosmt tui out cp ifef tusi and icdevh DE-CS lvri rasntda on one of the lusdnii.
hee mpnmreoevs sutedl in the inetxns of and aer encare in nse to xisitg nsena and the aee up of uh of the te of the rpyero to peutil ansen, gculndi 130,000 uaqe et to eserah in noit. tyleamit, ereahs in oint dscuahr the ntei epoyrr rgtiut to oece its U.S. de-sauert.
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