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M&A / Property

BTB buys three properties, sells one property

By The Northwire Desk — AI Analysis Mar 18, 2026 · 18:51 BTB · 3.84 BTB Real Estate Investment Trust
BTB · Price

Executive Summary

  • BTB Real Estate Investment Trust (BTB REIT) has acquired three industrial properties in Leduc, Alberta, totaling 143,118 square feet for a purchase price of $31.5 million, excluding transaction fees and adjustments.
  • The acquisition is funded by net proceeds from previous dispositions and is intended to strengthen BTB's position in the industrial sector and enhance geographical diversification.
  • Concurrently, BTB has accepted an offer to sell a mixed-use property in Quebec City, with the transaction expected to close around March 24, 2026.

Key Details

  • Acquisition Details:
    • Total Purchase Price: $31.5 million (excluding transaction fees and adjustments).
    • Total Leasable Area: 143,118 square feet.
    • Location: Leduc suburb of Edmonton, Alberta (strategically located near Edmonton's International Airport and Queen Elizabeth II Highway).
    • Funding Source: Net proceeds from last announced dispositions are being reinvested into this acquisition.
  • Property 1 (6303 39 St., Leduc, Alta.):
    • Size: 88,699 square feet leasable area.
    • Features: 26-foot clear height.
    • Construction Year: 2014.
    • Tenant: Abaco Drilling Technologies (oil exploration and distribution manufacturer; described as the only facility of its kind in Canada).
  • Property 2 (6302 39 St., Leduc, Alta.):
    • Size: 44,328 square feet leasable area.
    • Features: 28-foot ceiling height.
    • Construction Year: 2016.
    • Tenant: NDT Global Inc. (pipeline inspection specialist with international operations).
  • Property 3 (6207 39 St., Leduc, Alta.):
    • Size: 10,091 square feet leasable area.
    • Features: 28-foot clear height.
    • Construction Year: 2014.
    • Tenant: Revolution Crane & Transport (Alberta-based crane and transport services provider).
  • Disposition Details:
    • Asset: Mixed-use property located at 909, 915 Pierre-Bertrand Blvd., Quebec City, Que.
    • Status: Offer accepted; sale conditions satisfied by the buyer.
    • Expected Closing Date: On or around March 24, 2026.
  • Company Overview:
    • BTB REIT owns and manages 74 properties.
    • Total leasable area: Approximately 6.0 million square feet.
    • Portfolio composition: Industrial, suburban office, and necessity-based retail properties across Canada.
Read the original news release →

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