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Spanish billionaire and Zara founder Amancio Ortega buys $550 million Chicago office tower

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Amancio Ortega, the Spanish billionaire who founded Zara, has bought the 51-story office tower at 1 N. Wacker Drive in Chicago for about $550 million, one of the largest office deals in the U.S. this year. Pontegadea, Ortega’s family office, acquired the building from Donald Bren’s Irvine Co. in a…

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