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Zara Fashion Mogul Buys Gucci Bldg on Rodeo Drive

Net Leased Flagship Store Trades in Beverly Hills
By Julie Ly
February 12, 2014 | 3:54 P.M.

Ponte Gadea Group, an affiliate of Spanish fashion mogul and creator of the Zara clothing line, Amancio Ortega, purchased the Gucci building at 345-347 N. Rodeo Dr. in Beverly Hills, CA from Festival Retail Fund BH LP, which had reached the end of its term.

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