A venture from the Spanish investor behind fashion-forward apparel retailer Zara bought the former Esquire Theater building in the Gold Coast for $176 million.
The deal closed earlier this month, according to Cook County records. Ponte Gadea Chicago bought the building at 58-104 E. Oak St. from DRW Trading Group, a Chicago-based trading firm led by Don Wilson. Ponte Gadea is the U.S. investment arm of Spanish billionaire Amancio Ortega, founder of Zara's parent company, Inditex.
Read more at Crain's Chicago Business.