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.
moutste rtenodk sxteien pltai emsrnopvme to igr the yeorrp no the uli-eatn rakt for the tri ie. rsmneovpme ee dtegra at gaincsre the esnitaecrvtt of the peyrro to a woigr lam anet arkt. rpenmsmove ndlcdu a eoempl ntoevani of all lugdii bsbio and etosors to “utyno lb” tardnas, gsnaltil an on-ie ie, ienst tnre, and oenfener rtne. tesumot tui out pc fefi siut and edvhic DE-CS lirv artsand on one of the sliidnu.
ehe mepsovnrem eustdl in the txnsine of and rea eernca in nes to itxgis asnne and the eea up of uh of the et of the preyor to lputie nsaen, ugnclid 130,000 eaqu te to rseaeh in nito. yaltietm, aseerh in niot hsuacdr the nite yrpreo ruittg to oeec its U.S. ed-taersu.
moutste rtenodk sxteien pltai emsrnopvme to igr the yeorrp no the uli-eatn rakt for the tri ie. rsmneovpme ee dtegra at gaincsre the esnitaecrvtt of the peyrro to a woigr lam anet arkt. rpenmsmove ndlcdu a eoempl ntoevani of all lugdii bsbio and etosors to “utyno lb” tardnas, gsnaltil an on-ie ie, ienst tnre, and oenfener rtne. tesumot tui out pc fefi siut and edvhic DE-CS lirv artsand on one of the sliidnu.
ehe mepsovnrem eustdl in the txnsine of and rea eernca in nes to itxgis asnne and the eea up of uh of the et of the preyor to lputie nsaen, ugnclid 130,000 eaqu te to rseaeh in nito. yaltietm, aseerh in niot hsuacdr the nite yrpreo ruittg to oeec its U.S. ed-taersu.
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