WHITEHOUSE, OHIO — Devonshire REIT Inc. has closed $19 million in financing for a six-property retail and office portfolio in Ohio, Michigan and West Virginia. Prudential Mortgage Capital Co. provided the 10-year, fixed interest rate loan. The borrower used the loan in part to purchase Barberton Shopping Center, a 102,000-square-foot, Giant Eagle-anchored shopping center in Barberton, Ohio. Proceeds from the loan were also used to refinance a shopping center in Taylor, Mich.; a Kroger-anchor shopping center in Toledo, Ohio; South Haven Shopping Center in South Haven, Mich.; Anthony Wayne Professional Building in Whitehouse, Ohio; and a Michael’s-occupied property in Barboursville, W.V. The portfolio is valued at approximately $28.9 million.
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