BTB REIT buys $6M interest in Gatineau buildings

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A Montreal-based real estate investment trust is expanding its presence in the National Capital Region.

BTB REIT says it has purchased a 50-per-cent interest in 7 and 9 Montclair Blvd. in Gatineau, near the Casino du Lac Leamy, for $6.05 million.

The two buildings total 74,425 square feet and are fully leased to multiple tenants including the federal government, a retail location of the L'Aubainerie chain as well as a La Cage Aux Sports restaurant.

Last month, BTB purchased an office building in Bells Corners at 245 Stafford Rd. W. for $6.6 million and, separately, bought an office property in Little Italy at 80 Aberdeen St. earlier this year for $14.1 million.

BTB says it focuses on mid-market office, industrial and retail properties in geographic markets east of Ottawa.