"These acquisitions are consistent with management's strategy of acquiring properties which are geographically well located and have the potential to increase revenues," BTB president Michel Leonard says in a release announcing the agreement. The latest portfolio secured is situated in several Quebec locales, and includes industrial, office and retail buildings, as well as a land parcel that can yield 90,000 sf of retail.

The land parcel accompanies a new strip plaza purchased by BTB at 20 Des Chateaux Blvd. in Blainville, a suburb of Montreal. BTB will pay $5 million for that 20,000-sf center, which services a new upscale residential development known as "Le Fontainbleau." Tenants of the retail plaza include a dental clinic, dry cleaner, fitness center, florist and tanning salon.

Among the more prominent addresses is 7001-7035 St. Laurent Blvd., a three-story, 31,000-sf office building situated in one of Montreal's prime business districts. That property is fully leased to a single tenant on a long-term basis. BTB is buying another fully leased office building at the corner of Carson and Dorval avenues in Dorval, Quebec. The structure has 24,000 sf and has a variety of tenants.