Fast-fashion billionaire Amancio Ortega's family office picked up a Philadelphia distribution center in its latest move to diversify its holdings.⁠ ⁠ The Spanish entrepreneur's real estate group Pontegadea, which is better known for its portfolio of office and retail properties, bought a 1 million-square-foot distribution center in Northeast Philadelphia for $148.1 million. This is the firm's second purchase in the industrial sector, following its acquisition of a Wisconsin warehouse earlier this year.⁠ ⁠ Tap the #linkinbio to learn more.⁠ ⁠ #TheRealDeal #RealEstateNews #Billionaire #IndustrialRealEstate #Philadelphia #Logistics