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Purchase of SoHo, New York building by Inditex



The Spanish company, Inditex, has bought a commercial property in SoHo, New York for $280m.

This is the newest addition to its large real estate portfolio.


Inditex is the largest fashion retailer in the world and is the company which owns the Zara brand. The company said in its news release about the property that a Zara store will be opened in the 47000ft² building, situated on Broadway, between Spring and Broome Streets, by the end of the current year.


The company has in excess of 6000 global stores, but its presence in the US is quite small when compared to Asia and Europe. Inditex recently opened several large stores within the bigger US cities, and is experiencing a significant growth in its online stores within the US.


It is the company’s preference to rent store space, but over the past few years it has acquired several large properties in important shopping areas in the large cities of Europe and the US. During 2011, it purchased the former National Basketball Association store, located at 666 Fifth Avenue in Manhattan at a sum of $324m. The company has also acquired prime real estate within Milan and London.

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Sep 22, 2022, France:
Palm Angels expands its geography and enters the French market with the opening of a store in Paris.
Sep 20, 2022:
The new retail space will appear in the trendy Garosu-gil neighborhood of Seoul.
Sep 19, 2022, Sweden:
The official opening of the flagship store at Drottninggatan 53 is scheduled for September 30, 2022.
Sep 16, 2022, South Korea:
The store will be located at Lotte World Mall in Seoul's Jamsil district.
Sep 15, 2022, USA:
Pontegadea is negotiating the purchase of distribution centers in Wisconsin and Pennsylvania.
Sep 14, 2022, Spain:
Sales of the Indetex Group increased by almost 25% for the first half of the year.
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