"These acquisitions are consistent with management's strategy ofacquiring properties which are geographically well located and havethe potential to increase revenues," BTB president Michel Leonardsays in a release announcing the agreement. The latest portfoliosecured is situated in several Quebec locales, and includesindustrial, office and retail buildings, as well as a land parcelthat can yield 90,000 sf of retail.

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

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