Spanish billionaire Amancio Ortega, founder of the global fashion brand Zara, with a networth of $123 billion according to Forbes, has purchased the Sabadell Financial Center in Miami’s Brickell district for $274.4 million. The transaction represents the largest office sale in South Florida this year.
The purchase has drawn attention among South Florida’s Spanish community, including many Key Biscayne residents, familiar with Ortega’s international fashion empire.
Zara, one of his flagship brands and a staple for shoppers across Spain and Miami alike, maintains a strong presence both at home and abroad. As of August, the retailer operates 163 stores in Spain and 99 across the United States, including prominent locations at Brickell City Centre and Dadeland Mall in Miami. The brand’s success and visibility in South Florida reflect Ortega’s broader investment strategy, which continues to tie his business empire to Miami’s growing influence as a global center for fashion, finance, and real estate…