Amancio Ortega buys Philadelphia distribution center from Arizona REIT - Phoenix Business Journal

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The Spanish billionaire who bought the property is ranked by Bloomberg as the 25th richest person in the world. phoenix

Separately, New York-based DH Property Holdings recently completed a 282,737-square-foot build-to-suit distribution at at 9801 Blue Grass Road that will also be occupied by TJX . The building is just steps from the Red Lion Road distribution center.Ponte Gadea Compass is the U.S.

investment arm that Ortega, 86, uses to buy and sell commercial properties. In the past year, the Spanish billionaire has gone on a real estate deal spree, according to Bloomberg, spending almost $2 billion on real estate properties around the globe. Ortega, for example, bought a New York apartment building for $500 million in July.

 

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