Devonshire REIT has acquired three shopping centers for a total of $69.75 million. Two of the properties are in Michigan and the third is in Tennessee, and two are fully occupied. Devonshire's total assets under management now total more than $370 million.
The Great Western Shopping Center in Columbus, Ohio, has traded to a privately held group in the city. Tenants in the property include Imagine School, Franklin County Opportunity Center, Talecris and Restaurant Depot.