Zara billionaire hits $720M spree for logistics spread – Robert Khodadadian

Amancio Ortega’s interest in industrial assets extends far beyond the City of Brotherly Love. Pontegadea, the family office of the Spanish textile billionaire, purchased five logistics properties from Realty Income across the United States for about $722 million, Bloomberg reported. Spanish daily El Pais first reported the deal. The Philadelphia Business Journal reported Pontegadea recently bought a 1 million-square-foot facility in Northeast Philadelphia for $148.1 million. That deal appears to be part of a much

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Amancio Ortega, Industrial Real Estate The Real Deal New York Read More

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