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MONTREAL-An eclectic mix of product types is included in a portfolio of seven commercial properties being acquired by BTB Real Estate Investment Trust. The $21.3-million transaction continues a CRE buying spree begun last October upon BTB becoming public. The investment program now exceeds $242 million.

“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.

The remaining four properties are industrial-oriented, and all are fully leased. The largest of that quartet is a 90,000-sf facility at 561 Champlain St. in Downtown Joliette. A swimming pool manufacturer occupies all 30,000 sf at 3310 Des Entreprises Blvd. in Terrebonne, and a 24,000-sf building BTB acquired in Laval offers long-term stability, with lease maturity averaging five years. That building is located at 1700 St.-Etzear Blvd. West.

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