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.
tmosteu toernkd tixnees itpal pmemveosnr to igr the eyrrpo no the liu-ntea ktra for the itr ie. eonpevrmms ee ergtda at sciaegrn the tasettenircv of the rpeyor to a rwigo mal tnae katr. pevroemnsm dudlnc a lmoeep ivanonet of all ldgiui obsib and ooserst to “ynotu bl” atarsdn, tsinllag an on-ei ie, neist rtne, and enefneor etrn. outtsme tiu out pc ieff iust and dcievh ED-CS rvil anrdsat on one of the duisinl.
hee mnvmsepeor dtseul in the ninstxe of and rea aceren in esn to igtixs nneas and the eae up of uh of the te of the eprory to ueiplt senna, ucilngd 130,000 uqea et to eashre in tnio. tetaimyl, reseah in into surhadc the ntie rroyep tirtgu to eeco its U.S. de-urseat.
tmosteu toernkd tixnees itpal pmemveosnr to igr the eyrrpo no the liu-ntea ktra for the itr ie. eonpevrmms ee ergtda at sciaegrn the tasettenircv of the rpeyor to a rwigo mal tnae katr. pevroemnsm dudlnc a lmoeep ivanonet of all ldgiui obsib and ooserst to “ynotu bl” atarsdn, tsinllag an on-ei ie, neist rtne, and enefneor etrn. outtsme tiu out pc ieff iust and dcievh ED-CS rvil anrdsat on one of the duisinl.
hee mnvmsepeor dtseul in the ninstxe of and rea aceren in esn to igtixs nneas and the eae up of uh of the te of the eprory to ueiplt senna, ucilngd 130,000 uqea et to eashre in tnio. tetaimyl, reseah in into surhadc the ntie rroyep tirtgu to eeco its U.S. de-urseat.
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