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Spanish Billionaire Makes First US Logistics Purchase

Ponte Gadea Compass Acquires Seven-Property Portfolio for $900 Million

The 1.5 million-square-foot Home Depot distribution center at 9314 W. Jefferson Blvd. in Dallas was the largest of seven properties acquired. (Burk Frey/CoStar)
The 1.5 million-square-foot Home Depot distribution center at 9314 W. Jefferson Blvd. in Dallas was the largest of seven properties acquired. (Burk Frey/CoStar)

The investment arm of Spanish billionaire Amancio Ortega has purchased a logistics portfolio in the United States for the first time, according to CoStar data.

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