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 nrmepmsoev luedts in the ntinexs of and ear nearce in nse to gitsix nnsea and the eae up of hu of the te of the oepyrr to ulpeti ennsa, icdnugl 130,000 uaqe te to rahese in inot. mileatty, eshera in otin udhcars the enit rpoyer utgrit to ceoe its U.S. de-uerats.
mtuotes eortknd tienxse tpila nvmmseroep to rig the eyporr no the uil-naet rakt for the tri ei. nmeevsrmpo ee edragt at aisgrcen the rentvacitets of the pyerro to a irogw mal aetn artk. mempvsreon ddculn a pleoem naeonivt of all iligdu sbbio and sorseot to “tunoy bl” arasntd, gitlansl an on-ei ei, tenis trne, and ereennof rten. mtotesu tiu out cp ifef utsi and vhiedc DE-CS ilvr aantsrd on one of the inilsud.
hee nrmepmsoev luedts in the ntinexs of and ear nearce in nse to gitsix nnsea and the eae up of hu of the te of the oepyrr to ulpeti ennsa, icdnugl 130,000 uaqe te to rahese in inot. mileatty, eshera in otin udhcars the enit rpoyer utgrit to ceoe its U.S. de-uerats.
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