Zara Founder’s Real Estate Arm Buys Amazon Offices in Seattle

Zara Founder’s Real Estate Arm Buys Amazon Offices in Seattle
People shop at a Zara store during the grand opening of The Hudson Yards development, a residential, commercial, and retail space on Manhattan's West side in N.Y.C., N.Y., on March 15, 2019. Brendan McDermid via Reuters
|Updated:

MADRID—Pontegadea Inmobiliaria, the real estate arm of the founder of fashion group Inditex, Amancio Ortega, this week completed the purchase of two Seattle office blocks leased to Amazon, a Pontegadea spokesman said on Thursday, March 28.

Pontegadea bought the buildings from U.S. investment fund USAA Real Estate, the spokesman said, adding it was the Spanish fund’s biggest ever deal in the United States.