Calloway REIT Acquires Two Shopping Centres from Walmart and SmartCentres

On September 13, 2010, Calloway Real Estate Investment Trust completed the acquisition of Walmart Canada Realty Inc.'s and SmartCentres Realty Inc.'s interests in one shopping centre located in Ontario and one shopping centre located in Québec, totalling approximately 730,000 square feet. Both properties are anchored by Walmart. The purchase price for the properties was approximately $131 million.

Calloway was represented by Shea Nerland Calnan LLP, with a team including David Calnan, Glenn Warkentin, Joe Brennan and Matt Clark.

Walmart and SmartCentres were represented by Walmart in-house counsel Peter Prattas and SmartCentres in-house counsel Joseph Amato, respectively, by Davies Ward Phillips & Vineberg LLP, with a team including Gregory Howard, Steven Martin, Anita Banicevic and Matthew Singerman, and by De Grandpré Chait LLP, with a team including Fredric Carsley. SmartCentres was also separately represented by Goodmans LLP (tax, corporate and securities), with a team including William Alcamo, Alan Bowman, Glenn Ernst and Cristina Alaimo.

Calloway, Walmart and SmartCentres were jointly represented in respect of title matters by Blaney McMurtry LLP, with a team including Brett Tkatch, Shawn Wolfson and Jeffrey Warren, and by De Grandpré Chait LLP, with a team including Daniel Martin.