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BEACHWOOD, OHIO — Devonshire REIT Inc. has acquired Pavilion Shopping Center in Beachwood, a suburb of Cleveland, for $35 million. The shopping center is located on Chagrin Boulevard near I-271. Sub-anchors at the 249,873-square-foot power center anchored by Giant Eagle include Big Lots, Marshalls, Michaels and Stein Mart. Other national tenants include Petco, Lane Bryant, Quiznos, Bruegger’s Bagels, Sally Beauty Supply, GNC, Verizon Wireless, Ruby Tuesday and Huntington Bank. The property is 97 percent occupied with one remaining vacant space currently under negotiation. Huntington Bank provided financing for the transaction.