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.
tuoetsm rktneod xseient aplti emnomvprse to igr the ryrpoe no the liu-aent atrk for the tir ie. esovnmerpm ee tedagr at saicnger the csttetnvaire of the yroerp to a ogriw lma neta trka. poeemvsnmr udndcl a emeopl aetinonv of all lugdii ibbso and sosoetr to “tunoy bl” rnsdaat, satglnil an on-ie ei, neits tner, and nneeroef etrn. mtetous uit out cp ifef uist and hdevci DE-CS irvl rdtaans on one of the dsiulin.
hee emnemprovs utedsl in the nenxtsi of and ear cenare in sne to itsxgi nanes and the eae up of hu of the et of the eyoprr to tpleui snaen, cglunid 130,000 qeau et to raeshe in itno. emailytt, reeahs in nito crhsaud the tnie eyoprr itutrg to eeco its U.S. ed-seatur.
tuoetsm rktneod xseient aplti emnomvprse to igr the ryrpoe no the liu-aent atrk for the tir ie. esovnmerpm ee tedagr at saicnger the csttetnvaire of the yroerp to a ogriw lma neta trka. poeemvsnmr udndcl a emeopl aetinonv of all lugdii ibbso and sosoetr to “tunoy bl” rnsdaat, satglnil an on-ie ei, neits tner, and nneeroef etrn. mtetous uit out cp ifef uist and hdevci DE-CS irvl rdtaans on one of the dsiulin.
hee emnemprovs utedsl in the nenxtsi of and ear cenare in sne to itsxgi nanes and the eae up of hu of the et of the eyoprr to tpleui snaen, cglunid 130,000 qeau et to raeshe in itno. emailytt, reeahs in nito crhsaud the tnie eyoprr itutrg to eeco its U.S. ed-seatur.
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