03:36 PM EST - Calloway REIT : a Canadian property developer, agreed to pay $1 billion to buy or lease 16 retail centers, including 14 sites anchored by Wal-Mart Stores Inc. The properties include nine operating shopping centers with more than 1.6 million square feet of leased space and 600,000 square feet of expansion potential. The properties were bought from SmartCentres, a closely held firm. Calloway REIT
T.CWT.UN are trading up 50 cents at $28.65.
