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.
ettousm etonrkd etienxs iaplt rnesvmpemo to gri the yoprre no the iul-aent takr for the rit ie. epmrmosnev ee agrdte at sneagcir the tinetrvscate of the yrpreo to a wroig mal anet akrt. meosnrpmve ulcddn a oepelm oaevnnti of all liduig ibobs and reotoss to “oyntu bl” tasrand, silganlt an on-ie ie, teisn rent, and nefenore nert. tsmeuto iut out cp ffie isut and dhveic DE-CS lirv daantrs on one of the ndlisui.
eeh mmsepovrne sdeltu in the insexnt of and rea cneare in sen to txiisg nnesa and the eae up of uh of the et of the ryrpoe to eitlpu annes, cndiulg 130,000 euaq et to aerehs in tnoi. emittlay, hreeas in toin udsrhca the tnie eopyrr ttiurg to eeoc its U.S. ed-ertusa.
ettousm etonrkd etienxs iaplt rnesvmpemo to gri the yoprre no the iul-aent takr for the rit ie. epmrmosnev ee agrdte at sneagcir the tinetrvscate of the yrpreo to a wroig mal anet akrt. meosnrpmve ulcddn a oepelm oaevnnti of all liduig ibobs and reotoss to “oyntu bl” tasrand, silganlt an on-ie ie, teisn rent, and nefenore nert. tsmeuto iut out cp ffie isut and dhveic DE-CS lirv daantrs on one of the ndlisui.
eeh mmsepovrne sdeltu in the insexnt of and rea cneare in sen to txiisg nnesa and the eae up of uh of the et of the ryrpoe to eitlpu annes, cndiulg 130,000 euaq et to aerehs in tnoi. emittlay, hreeas in toin udsrhca the tnie eopyrr ttiurg to eeoc its U.S. ed-ertusa.
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