Wednesday, March 5, 2008

$6.3 million for two Sherbrooke, Que., office buildings

MONTREAL - BTB Real Estate Investment Trust (TSXV:BTB.UN) has closed the acquisition of two office properties in Sherbrooke, Que., for $6.3 million.

BTB said Tuesday it now has over $190 million worth of properties with 1.9 million square feet of leasable area.

The Sherbrooke buildings - Place Jacques-Cartier 1645 and 1640-1650 King Street West - face each other on a major commercial artery, and total 60,631 square feet of leasable area occupied by Quebec government offices and various professional firms, and a 166-space parking lot.

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