BTB Real Estate Investment Trust has acquired a single-tenant industrial property in Acheson, Alta., for $18.75 million, excluding transaction costs and adjustments, the Montreal-based trust announced.
The property, located at 27057 100 Avenue in Acheson, in the western Edmonton metropolitan area, was built in 2019 and expanded in 2022. It comprises 52,197 square feet of leasable area and is leased to North American Construction Group, a heavy civil construction contractor that serves the mining, resource and infrastructure sectors.
Second Industrial Deal of the Year
The Acheson purchase marks BTB’s second industrial acquisition of 2026. Together, the two deals represent a combined investment of $50.25 million for the trust, adding approximately 195,000 square feet of gross leasable area to its portfolio.
Revenue Impact
BTB said the two 2026 industrial acquisitions are expected to generate approximately $3.7 million in annualized net operating income. The company did not provide additional details on financing or future acquisition plans.
This article references reporting from:
