History

DEVELOPMENT OF THE BUSINESS

From the date of BTB’s initial public offering (“IPO”) on October 3, 2006 to December 31, 2006, BTB, through TB Trust, a wholly-owned subsidiary, acquired two properties with a gross book value of approximately $14 million.  From January 1, 2007 to December 31, 2007, BTB acquired 31 properties and sold one property.  From January 1, 2008 to December 31, 2008, BTB acquired 11 properties.  There was no acquisition in 2009.  From January 1, 2010 to December 31, 2010, BTB acquired 6 properties. Details of the transactions are as follows:

Acquisitions Completed in 2006

Property

City

Acquisition
Date

Type

Leasable
Area (Sq. ft.)

Acquisition
Cost ($)

Year Built/
Renovated

2900 Jacques-Bureau St.

Laval

Oct. 3, 06

Commercial

101,194

11,750,000

2004

2220 Lapinière Blvd. (1)

Brossard

Nov. 6, 06

Mixed

16,867

2,275,000

1988

(1) This property was sold on May 23rd, 2013.

Details:

2900 Jacques Bureau St., Laval, Québec – This is a two-storey free-standing retail store built in 2004 and leased to a single tenant, Germain Larivière Laval Inc., carrying on business as a furniture and electronic appliance retailer. This building has a leasable area of 101,194 square feet. The size of the lot is approximately 200,000 square feet. The original lease is for 15 years, expiring in November 2019. There are two renewal options for five years each.

2220 Lapinière Blvd, Brossard, Québec – The leasable area of this building is 16,867 square feet. Its principal tenant is TD Canada Trust. The building is located across from a major shopping center on the south shore of Montreal, and serves the local community. The land area is approximately 25,000 square feet and the building has one level of underground parking.

Acquisitions completed in 2007

Property

City

Acquisition
Date

Type

Leasable
Area (Sq. ft.)

Acquisition
Cost ($)

Year Built/
Renovated

1125 St-Martin Blvd. West

Laval

Feb. 1, 07

Commercial

9,400

2,380,190

1969

4890-4898 Taschereau Blvd.

Brossard

Feb. 1, 07

Mixed

38,503

4,697,300

1986

7205-7235 St-Jacques St. West

Montreal

Feb. 1, 07

Commercial

25,392

3,096,470

1995/2000

3627-3645 des Sources Blvd.

Dollard-des-Ormeaux

Feb. 1, 07

Mixed

35,887

4,545,000

1977

3761-3781 des Sources Blvd.

Dollard-des-Ormeaux

Feb. 1, 07

Commercial

28,176

4,291,560

2010

12055-12085 Laurentian Blvd.

Montreal

Feb. 1, 07

Commercial

30,752

1,419,000

1975

Plaza Saint-Louis
53-75, 45th Avenue (1)

Lachine

Feb. 1, 07

Commercial

14,004

2,924,640

1949

1863-1865 North Service Rd, Highway 40

Dorval

Feb. 1, 07

Industrial

42,310

2,491,140

1968

1400-1440 Antonio-Barbeau St.

Montréal

Apr. 3, 07

Mixed

79,758

4,000,000

1978/2011

2004-2016 René-Laennec Blvd.

Laval

Apr. 4, 07

Mixed

27,249

2,350,000

1979/1989

4105 Sartelon St.

St-Laurent

Apr. 24, 07

Industrial

44,480

4,050,000

1999/2004/
2007

100 Montarville Blvd.

Boucherville

May 9, 07

Office

27674

3,015,000

1974

32 St-Charles West

Longueuil

May 9, 07

Office

14,130

1,900,000

1810/1854/
1987

50 St-Charles West

Longueuil

May 9, 07

Office

20,437

2,500,000

1982

85, St-Charles West

Longueuil

May 9, 07

Office

31,820

4,800,000

1968

2865-2885 De Portland Blvd.

Sherbrooke

May 25, 07

Office

16,720

2,700,000

1994

2059 René Patenaude St.

Magog

May 25, 07

Industrial

29,271

2,315,000

2005

1635 and 1645 King East, and 150-170 Duplessis road

Sherbrooke

May 25, 07

Commercial

75,946

8,500,000

1982/1998

Halles St-Jean
145 St-Joseph Blvd.

St-Jean-sur-Richelieu

June 13, 07

Mixed

108,972

13,600,000

1940/1960/
1989

Complexe de Léry
505 des Forges and 1500 Royale

Trois-Rivières

June 14, 07

Office

156,596

21,200,000

1990

5810 and 5878 Sherbrooke St. East

Montreal

July 11, 07

Office

37,673

6,500,000

1987/1967

7001-7035 St-Laurent Blvd.

Montreal

Sept. 20, 07

Office

24,530

3,600,000

1939/1991

2212-2226 Dollard

LaSalle

Sept. 26, 07

Mixed

29,967

2,250,000

1975

2340 Lapinière

Brossard

Oct. 10, 07

Commercial

19,082

3,500,000

1983/1986

1001 Sherbrooke East

Montreal

Nov. 8, 07

Office

128,318

14,150,000

1968/1989/1990

81-83 Turgeon

Ste-Thérèse

Nov. 8, 07

Office

22,137

3,225,000

1980

705 Boundary

Cornwall

Nov. 15, 07

Industrial

144,000

4,800,000

1969/1975/1979

725 Boundary

Cornwall

Nov. 15, 07

Industrial

170,800

4,700,000

1969/1975/1979

805 Boundary

Cornwall

Nov. 15, 07

Industrial

106,990

3,800,000

Around 1970

2901 and 2905 Marleau

Cornwall

Nov. 15, 07

Industrial

31,640

1,800,000

1984/1989/2002

Place d’Affaires Lebourgneuf, Phase I, 6655 Pierre-Bertrand Blvd.

Québec

Dec. 20, 07

Mixed

186,053

21,325,000

2006

Details:

(1) This property was sold on October 10, 2007

1125-1135 St-Martin Blvd. West, Laval, Québec – This is an approximately 9,400 square-foot building and the main tenant is Lunetterie New Look. The building is strategically located on one of Laval’s main commercial thoroughfares.

4890-4898 Taschereau Blvd., Longueuil, Québec – This is a mixed-use building with approximately 38,117 square feet of leasable area. The main tenants are a major restaurant franchise and Lunetterie New Look, both of which have long-term leases. The second floor is leased as office space by five different tenants, the main tenant is a neurology clinic.

7205-7235 St-Jacques St. West, Montreal, Québec – Two commercial buildings are built on this property of approximately 25,392 square feet. It is well located in a fast-growing retail sector.

3627-3645 des Sources Blvd., Dollard-des-Ormeaux, Québec – This is a building of approximately 35,887 square feet of leasable area located on one of the main arteries in Montreal’s West Island.  The second floor is leased as office space.

3761-3781 des Sources Blvd., Dollard-des-Ormeaux, Québec – This building of approximately 28,176 square feet of leasable area, with a large parking lot, has been re-developed to welcome Pharmaprix as the major tenant and the Bank of Montreal.

12055-12085 Laurentian Blvd., Montreal, Québec – This small shopping centre, with approximately 30,750 square feet of leasable area, serves the local market and is strategically located close to a bridge that connects the islands of Montreal and Laval.

1863-1865 North Service Rd, Highway 40, Dorval, Québec – This building has an approximate area of 42,310 square feet of leasable area and is fully leased to two tenants. Both tenants have renewed their lease, providing long term stable income.

1400-1440 Antonio-Barbeau St., Montreal, Québec – Centrally located on the island of Montreal and only a stone’s throw from Marché Central, this industrial and office building has a leasable area of 110,758 square feet. Management believes that it can eventually increase the value of the property by transforming it into loft style office building.

2004-2016 René-Laennec Blvd., Laval, Québec – This mixed-use commercial and office building has a leasable area of 27,249 square feet. Its main tenant is the Cité de la Santé Hospital.

4105 Sartelon St., Montreal (St-Laurent borough), Québec – This building of 44,480 square feet of leasable area was built in 1999. It is the Canadian head office and distribution facility of an international company operating in the environmental field. This building is built  on a parcel of land of approximately 102,000 square-feet. This building is very well located in the Saint-Laurent industrial park, only minutes from main thoroughfares. A sale-leaseback was negotiated with the vendor, now the tenant, and the lease term is 10-years.

100 De Montarville Blvd., Boucherville, Québec – Located on one of the main boulevards in Boucherville and easy to access from all of the main thoroughfares on the South Shore of Montreal, this two-storey office building has a leasable area of 27,674 square feet and is rented to professional in the health and financial fields.

32, 50 and 85 St-Charles West, Longueuil, Québec – The leasable area of these three buildings located in Longueuil is approximately 66,387 square feet. This acquisition represents a strategic concentration of office buildings in the heart of the area called “Old-Longueuil“ which area is renowned for its business district where attorneys, bankers, and business leaders are officed.

2865-2885 De Portland Blvd, Sherbrooke, Québec – This building, with a leasable area of 16,720 square feet is entirely rented by the Government of Quebec under a long-term lease, ending in 2014. The building yields a steady revenue stream and provides a stable return on investment along with possibilities of expansion.

2059 René-Patenaude St., Magog, Québec – Located in the industrial sector of Magog, near Sherbrooke, this building has a leasable area of 29,271 square feet. It houses the head office and distribution centre of a regional grocery store chain. Since the building, erected in 2005, occupies only 12% of the site, it could be expanded. The lease expires in 2020.

1635 and 1645 King East and 150-170 Duplessis road, Sherbrooke, Québec – Located in a suburb of Sherbrooke, this building has a leasable area of approximately 75,946 square feet. The main tenants include a major automobile parts dealer, a large bank and a drugstore. All of these large tenants have signed long-term leases with renewal options.

Halles St-Jean, 145 St-Joseph Blvd. East, Saint-Jean-sur-Richelieu, Québec – Les Halles St-Jean is a popular shopping destination in the St-Jean-sur-Richelieu area. The building comprises 108,972 square feet of leasable area devoted to retail and office space. 62,000 square feet on the ground floor are for commercial purposes and its three floors, representing approximately 47,000 square feet of leasable area, are dedicated to office space. The shopping centre, which attracts both local and regional clients, has high customer traffic. Forty-five percent of revenues are generated by a bank, a drugstore and by government offices.

Complexe de Léry, Trois-Rivières, Québec – Complexe de Léry inc. consists of two Class “A” office buildings located in downtown Trois-Rivières, with a total leasable area of 152,886 square feet.  BTB also acquired a 22,468 square-foot lot (currently used for parking). These buildings benefit from excellent visibility and have easy access to Highway 40. The major tenants of the building include a large accounting firm, a well-known law firm, the Business Development Bank of Canada, Hydro-Québec, SIQ and Astral Media.

5810 and 5878 Sherbrooke East, Montreal, Québec – Located on one of Montreal’s key arteries, these two office buildings have a leasable area of 37,673 square feet and are entirely occupied by large tenants, such as a CLSC (a medical clinic run by the Government of Quebec), the National Bank of Canada, and the headquarters of the Fédération indépendante des syndicats autonomes.

7001-7035 St-Laurent, Montreal, Québec – Located on one of Montreal’s main retail streets, this fully-leased three-storey office building has a total leasable area of 24,372 square feet.

2212-2226 Dollard, Lasalle, Québec – Located on a commercial street in Montreal’s borough of Lasalle, this building has a leasable area of approximately 29,967 square feet and is fully leased. The main tenants are the Société immobilière du Québec, an insurance company and an important call centre.

2340 Lapinière Blvd., Brossard, Québec – This single-storey building is located in Brossard on the South Shore of Montreal. This retail property has approximately 19,082 square feet of leasable area and is located on a lot of 79,573 square feet. It will house a large radiology clinic in the spring of 2010.

1001 Sherbrooke East, Montreal, Québec – In the immediate proximity of Montreal’s entertainment district, this building of 128,318 square feet of leasable area is located on Montreal’s main artery. It has over 15 tenants, including the Université du Québec à Montréal (UQAM) and specialized educational institutions.

81-83 Turgeon, Ste-Thérèse, Québec – Only a few minutes from Highway 15, this building is a familiar landmark in the local community. With approximately 22,137 square feet of leasable area of office space, the major tenant is the Laurentian Bank.

705 Boundary, Cornwall, Ontario – This 144,000 square-foot distribution warehouse with multiple tenants features a loading dock equipped with a platform for loading trains.

725 Boundary, Cornwall, Ontario – This distribution warehouse with multiple tenants consists of 170,800 square feet of leasable space. This building houses prime tenants, such as Purolator and Cornwall Warehousiing.

805 Boundary, Cornwall, Ontario – This building consists of a distribution warehouse with multiple tenants. Its leasable area is 106,990 square feet, and an adjoining lot provides opportunities for development. The building is rented to top-tier tenants such as Cornwall Warehousing and Canada Post.

2901 and 2905 Marleau, Cornwall, Ontario – These two buildings are each leased to a single tenant (one building is used as office space and the other as industrial space) and consist of a total of 31,640 square feet of leasable area as well as additional space that currently serves as parking. These buildings are exclusively leased to well-established tenants, namely SigmaPoint Technologies and a company affiliated with Westburne.

Place d’Affaires Lebourgneuf, Phase I, 6655 Pierre-Bertrand Blvd., Québec City, Québec – This two-storey building is located in the heart of the Lebourgneuf suburb of Quebec City. The building has approximately 186,053 square feet of leasable area, as well as over 470 parking spaces. There are more than 40 tenants, including la Société immobilière du Québec, a mobile phone company, a company specialized in residential carpet cleaning, a financial institution, a company selling tools and compressors, a travel agency, and the office of a deputy of the federal government.

Acquisitions completed in 2008

Property

City

Acquisition
Date

Type

Leasable
Area (Sq. ft.)

Acquisition
Cost ($)

Year Built/
Renovated

2155 Crescent Street

Montreal

Jan. 16, 08

Mixed

8,195

1,815,000

1900s/2008

Place Jacques Cartier
1640-1650-1645 King St. West

Sherbrooke

Feb. 29, 08

Office

62,407

6,300,000

1960

550-560 Henri-Bourassa West Blvd.

Montreal

March 26, 08

Office

40,135

3,900,000

1975/1977

3036-3094 Chambly

Longueuil

March 26, 08

Mixed

41,724

4,675,000

1992

204 de Montarville

Boucherville

March 26, 08

Office

29,474

4,250,000

1988

3885 Harvey Blvd.

Chicoutimi

March 26, 08

Office

68,308

4,700,000

1987

665-669 Thibeau

Trois-Rivières

Aug. 14, 2008

Commercial

13,471

1,737,000

1988/1999

1100-1136 St-Joseph

Drummondville

Aug. 14, 2008

Commercial

25,273

3,183,000

1979/2003

747-805 King Est

Sherbrooke

Aug. 14, 2008

Commercial

32,998

4,967,000

1989/1999

30-66 Jacques-Cartier Nord

Sherbrooke

Aug. 14, 2008

Commercial

32,998

5,671,000

1992

1400 Marie-Victorin

St-Bruno-de-Montarville

Sept. 5, 2008

Office

50,258

5,650,000

1990

Details:

2153-2155 Crescent St., Montreal, Québec – This four-storey sits in close proximity to the financial core of downtown Montreal, on a highly coveted commercial street.  The building also sits in close proximity to the Concordia University and the Montreal Museum of Fine Arts.  This building houses BTB’s head office and is entirely leased.

Place Jacques-Cartier ”“ 1640-1650-1645 King St. West , Sherbrooke, Québec These two office buildings are facing each other. These buildings comprise approximately 62,407 square feet of leasable area are occupied by tenants including the Québec Government, professional firms such as notaries, attorneys, optometrists and real estate consultants.

550-560 Henri-Bourassa West Blvd. , Montreal, Québec This building has 40,135 square feet of office space. It is occupied by the Canada Post Corporation on the main floor and by various professional offices on the other floors.

3036-3094 Chemin de Chambly, Longueuil, Québec – This commercial building has 38-304 square feet of leasable area.  It houses a pharmacy, a Caisse populaire Desjardins and a franchise restaurant.

204 de Montarville, Boucherville, Québec – This 29,474 square feet office building is fully-leased. Located on Boucherville’s main boulevard, this property is occupied among others by an insurance company and offices of municipal economic development.

3885 Harvey Blvd., Ville de Saguenay, Québec – This building of 68,308 square feet of office space is occupied by tenants such as municipal and federal government offices and insurance companies.

665-669 Thibeau Boulevard, Trois-Rivières, Québec – Well-located on one of Trois-Rivières main arteries, this strip mall of 13,471 square feet is fully-leased and occupied by one of Canada’s leading coffee/doughnut chains, as well as a prominent food store.

1100-1136 St-Joseph Boulevard, Drummondville, Québec – This commercial strip mall of 25,273 square feet was built in 2003 and is a prominent fixture of this community.  The property is occupied by a well-known financial institution, a prominent food store, a health and fitness center, a bistro and a restaurant.

747-805 King Street East, Sherbrooke, Québec – This commercial building of 32,998 square feet is located on Sherbrooke’s main artery and is occupied by among others two major financial institutions, a frozen food retailer, a restaurant, a major food chain and a wireless phone retailer.

33-66 Jacques-Cartier Boulevard North, Sherbrooke, Québec – Located in Sherbrooke’s main shopping district, this strip mall of 31,260 square feet is close to amenities.  It is occupied by a major fast-food chain, a travel agency, a cleaner, a liquor store, a prominent food store, a major video rental and sales store and a sushi restaurant.

1400 Marie-Victorin St., St-Bruno-de-Montarville, Québec – This 50,258 square foot office building is located near Route 116 and Highway 30 on the South Shore of Montreal.  The building also sits in close proximity to the Promenades St-Bruno and St-Hubert Airport.  The property currently generates a steady flow of income and is leased by a governmental public works agency, an office supply retailer, a well-known laboratory and a cosmetic company

Acquisitions completed in 2010

Property

City

Acquisition
Date

Type

Leasable
Area (Sq. ft.)

Acquisition
Cost ($)

Year Built/
Renovated

Complexe Lebourgneuf
825 Lebourgneuf

Québec City

May 10, 2010

Office

233,213

18,231

2009

Place d’affaires Le Bourgneuf – Phase II
6700 Pierre-Bertrand(1)

Québec City

May 10, 2010

Office

111,028

13,582

2007

Promenades St-Noël
1ère Rue

Thetford Mines

May 10, 2010

Retail

56,015

3,118

1956/2007

Édifice Brinks
191 D’Amsterdam

St-Augustin-de-Desmaures

May 10, 2010

Industrial

7,747

2,827

2009

Édifice Lombard
909-915 Pierre-Bertrand(2)

Québec City

May 10, 2010

Retail

86,564

7,828

1991

Centre d’affaires Le Mesnil
1170 Lebourgneuf

Québec City

May 10, 2010

Office

102,749

13,210

1990

Details:

(1) Acquired in two transactions, 50% on May 10, 2010 and 50% on April 1, 2011
(2) Acquired in two transactions, 50% on May 10, 2010 and 50% on November 30, 2010

Complexe Lebourgneuf ”“ This five-story building, completed at the end of 2009 is located in the Lebourgneuf suburb of Québec City. It is occupied by retailers on the ground floor and office tenants on the other 4 floors.  It contains 233,213 square feet of rentable area.  The main tenants of this building are Dessau, an engineering firm and the Government of Canada.

Place d’affaires Lebourgneuf ”“ Phase II – This three-story building, completed in 2008 is also located in the Lebourgneuf suburb of Québec City. It has retail stores on the ground floor and office space on the other floors.  It contains a total rentable area of 111,028 square feet and the main tenant is Canada Post.

Promenades St-Noël ”“ This commercial building is located in the city of Thetford Mines.  It has 56,015 square feet of rentable area and the main tenant is a Super C store, part of the Métro group.

Edifice Brinks – This industrial building is located in the city of St-Augustin-de-Desmaures in close proximity to Québec City. Its construction was completed in 2009.  It has 7,747 square feet of rentable area and is entirely leased for 15 years by Brinks Corporation.

Edifices Lombard  ”“ These two adjacent commercial buildings are located in close proximity to Highway 40 in Québec City and to the other properties owned by BTB in that suburb. They total 86,564 square feet of rentable area. The main tenants of these buildings are Sport L.G.L. and Lessard Bicycles.

Centre d’Affaires Le Mesnil ”“ This property is a four-story building located in the Lebourgneuf suburb of Québec City. It was completed in 1990 and has retail stores on the ground floor and office space on the other floors.  It contains 102,749 square feet of rentable area, of which 7,800 square feet were added to the building in 2009 to accommodate its main tenant, Société immobilière du Québec. Part of the extension is still vacant.

Acquisitions Completed in 2011

Property

City

Acquisition
Date

Type

Leasable
Area (Sq. ft.)

Acquisition
Cost ($)

Year Built/
Renovated

1325 Hymus Blvd.

Dorval

Dec. 22, 2011

Industrial

80,000

5,500,000

1969

5600 Côte-de-Liesse

Town of Mount-Royal

Dec. 1, 2011

Industrial

75,000

7,550,000

2001

2175 Des Entreprises

Terrebonne

Oct. 28, 2011

Industrial

60,000

3,450,000

2003

2205-2225 Des Entreprises

Terrebonne

Oct. 28, 2011

Industrial

154,000

8,775,000

2003

5781 Laurier blvd. (1)

Terrebonne

Aug. 16, 2011

Retail

17,114

2,190,000

2009

Details:

(1) Building owned at 50%, in partnership

1325 Hymus Blvd., Dorval, Québec – This industrial property has a total leasable area of 80,000 square feet. It is well situated on a highly trafficked area at the interchange of highway 40 and Des Sources Boulevard, one of the Island of Montreal’s larger industrial parks, and a few minutes from Montreal’s International Airport. The building is fully-leased to Metro Logistics Inc. (3E Logistics) one of the most important supplier of third party logistics in Canada.

5600 Côte-de-Liesse, Town of Mount-Royal, Québec – This property is strategically located right in the center of the industrial sector of the Town of Mount-Royal (on the Island of Montreal) with easy access to two major highways (40 and 15), near the Montreal International Airport, and within close proximity to important laboratories and well-known universities. The building has a total leasable area of 75,000 square feet and is fully-leased to Lise Watier Cosmétiques inc.

2175 Des Entreprises Boulevard, Terrebonne, Québec – This industrial property of 60,000 square feet of leasable area is fully leased for a 10-year term. It is strategically located on one of Montreal´s major highways 25 kilometers from the Port of Montréal and 40 kilometers from the Pierre-Elliott Trudeau international airport. The subject property generates stable revenues and is leased to the most important manufacturer of windows and door in the whole of Quebec.

2205-2225 Des Entreprises Boulevard, Terrebonne, Québec – The leasable area of this industrial property is 154,000 square feet and it is fully leased for a 10-year term. The property is located in a newly established industrial area with easy access to major highways and is leased to the most important manufacturer of windows and door in the whole of Quebec.

5791 Laurier Boulevard, Terrebonne, Québec – This commercial building is located in a fast growing suburb of Montreal. It has 17,114 square feet of rentable area and is entirely leased to Shoppers/Pharmaprix for 12 years.

Acquisitions Completed in 2012

Property

City

Acquisition
Date

Type

Leasable
Area (Sq. ft.)

Acquisition
Cost ($)

Year Built/
Renovated

4535 Louis B. Mayer St.

Laval

Apr. 19, 2012

Industrial

41,000

6,850,000

2007

7777 Trans-Canada Highway

Saint-Laurent

Apr. 19, 2012

Industrial

73,000

4,150,000

1975

208-244 Migneron St. and 3400-3420 Griffith St.

Saint-Laurent

Apr. 19, 2012

Industrial

52,100

3,700,000

1985

80 Aberdeen St.

Ottawa

May 08, 2012

Office

53,393

14,100,000

1960/2000

245 Stafford road West

Gatineau

Oct. 15, 2012

Office

31,757

6,600,000

1985

7 & 9 Montclair

Gatineau

Nov. 02, 2012

Mixed

74,941

6,050,000

Around 1975/2001

311 Ingersoll

Ingersoll

Nov. 06, 2012

Industrial

200,615

10,282,250

1980

1-9 & 10 Brewer Hunt Way and 1260-1280 Teron road

Ottawa (Kanata)

Dec. 21, 2012

Industrial

132,067

18,500,000

1971/1983/1986/1999/2000

11600-11800 De Salaberry Blvd.

Dollard-des-Ormeaux

Dec. 21, 2012

Retail

128,737

29,600,000

1982/2004

315-325 MacDonald

Saint-Jean-sur-Richelieu

Dec. 21, 2012

Mixed

170,074

16,900,000

1989/2003

Details:

4535 Louis B. Mayer St., Laval, Québec – This industrial property is well situated with easy access onto highways 13, 15 and 440, within ten minutes of Montreal’s International Airport. This 41,000 square feet property is fully-leased to Société Strongco GP Inc. (TSX : SQP), a company specialising in selling, renting and repairing heavy equipment and machinery.

7777 Trans-Canada Highway, Saint-Laurent, Québec – This industrial property has a total leasable area of 73,000 square feet. It is well situated in one of the Island of Montreal’s well-established industrial parks and benefits from an excellent exposure on the Trans-Canada Highway. This property is leased on a long-term basis to Plastifab, a subsidiary of PFP Corporation (TSX : PFP) that specializes in the manufacturing of molded polystyrene products.

208-244 Migneron St. and 3400-3420 Griffith St., Saint-Laurent, Québec – Situated in Montreal’s Premier Industrial Park, this industrial building is just a few minutes from the Trans-Canada highway and Côte-de-Liesse road. The property’s total leasable area is 52,100 square feet. It is a multi-tenant building and leased to four tenants, the two larger include ClickTouch Amerique Inc., a company that designs and manufactures membrane keypads, CPT Canada Power Technology, Canada’s largest distributor of air-cooled engines and supplies.

80 Aberdeen St., Ottawa, Ontario – Strategically situated in the Ottawa West district within close proximity to highway 417 and Preston Street, this office building has a total leasable area of 53,393 square feet and 39,201 square feet of land. This property is primarily leased to the City of Ottawa.

245 Stafford Road W., Ottawa, Ontario – This office building is situated in Ottawa West at the corner of Moodie Drive and Stafford Road. The property has a total leasable area of 31,757 square feet and 80,000 square feet of land. The building is fully-leased and occupied by multiple tenants among which the Toronto-Dominion Bank and LCBO.

7 and 9 Montclair in Gatineau, Québec – Situated near Casino Lac-Leamay, in the City of Gatineau, BTB acquired a 50% interest in two commercial and office buildings that have a total leasable area of 74,941 square feet. The buildings are fully-leased to various tenants including the Federal Government, a retail location of L’Aubainerie chain, and a restaurant part of Houston Steakhouse chain.

311 Ingersoll, Ingersoll, Ontario – This industrial property has a leasable area of 200,615 square feet. It is situated at the crossroads of Ingersoll Street and Highway 401, one of Canada’s busiest highways and opposite the CAMI Automotive plant (General Motors). It is located 10 minutes away from London, Ontario. The building is fully-leased to Hercules Tire Company of Canada, Inc., one of the world’s leader in tire manufacturing and major purchaser of balance of stock liquidation from major tire manufacturers.

1-9 & 10 Brewer Hunt Way and 1260-1280 Teron road, Ottawa (Kanata), Ontario – This campus style office complex located in the Kanata suburb of Ottawa is comprised of five interlinked single-storey buildings totaling approximately 132,067 square feet and it is fully occupied. The main tenants are Flextronics (36.9%) (NASDAQ: FLEX) and Optelian (29.5%).

11600 to 11800 De Salaberry Blvd., Dollard-des-Ormeaux, Québec – This well-known and successful retail property is a premier neighborhood food anchored known as ”˜Marché de l’Ouest’, prominently and centrally located in the West Island of Montreal. Its total rentable area is approximately 128,737 square feet and enjoys an occupancy rate of 99.7%. Its major tenants include IGA (Sobeys), Dollarama (TSX: DOL.TO), Bulk Barn and Madisons.

315-325 MacDonald, Saint-Jean-sur-Richelieu, Québec – This three-storey property is used by retail and office tenants on the ground floor, and office tenants on the second and third floors. The total rentable area of the property is approximately 170,074 square feet and its occupancy rate is 97.8%. Its largest tenants include City Hall for the city of Saint-Jean-sur-Richelieu including its Police station and the Government of Québec. These tenants generate 60% of the gross revenue of the property.

Acquisitions Completed in 2013

Property

City

Acquisition
Date

Type

Leasable
Area (Sq. ft.)

Acquisition
Cost ($)

Year Built/
Renovated

2265, 2665, 2673, 2681 Côte Saint”Charles

Saint”Lazare

February 19th, 2013

Retail

15,186

2,500,000

2011

3695 des Laurentides Boulevard

Laval

April 2nd, 2013

Industrial

132,665

11,000,000

1972/1988/1989/1998/1999/2004/2005

Details:

2265, 2665, 2673 and 2681 Côte Saint”Charles, Saint”Lazare, Quebec – BTB acquired a 50% participation in this multi”tenant retail complex, built in 2011, that has a total leasable area of 15,186 square feet. BTB acquired its participation for a total purchase price of $2.5 million, including the mortgage financing already in place. The retail complex harbours a Tim Hortons, an A&W, and a convenience store part that is part of the Sobeys food chain.

3695 des Laurentides Boulevard, Laval, Quebec – This industrial property, dedicated to the production of medicinal products, has a leasable area of approximately 132,665 square feet. It is well situated at the intersection of Highway 15 and Highway 440, within ten minutes of Montreal’s International Airport. This property is fully-leased to Pharmetics.

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