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.
oestutm koerdnt ensxiet ptila opmmnvsere to irg the proeyr no the uil-atne rtka for the itr ei. ervemsnpmo ee taegrd at cirgesna the ettntiraescv of the yoerrp to a girwo lma aetn rkat. rommvpesen ldcdnu a eolpem aioevntn of all gdulii sibbo and ostoers to “nuyot bl” aasrntd, tlaisgln an on-ei ei, tseni rnet, and reenfoen rent. usemott tiu out cp feif suit and chediv ED-CS livr ardsatn on one of the nsulidi.
ehe rspvmemeno estlud in the enstxni of and rea eencra in sen to tigsxi nsane and the eae up of hu of the et of the roryep to pelitu anens, ilgndcu 130,000 ueqa et to heares in otni. alieyttm, ashree in tino cusradh the tein oeryrp iutrtg to coee its U.S. de-utrase.
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