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Old Esquire Theater sells for $176M

Ponte Gadea, the investment arm of the Spanish fashion mogul behind Zara, paid $176 million for the property at 58-104 E. Oak St., according to Cook County property records. The deal closed Feb. 26.

...has bought Chicago real estate before. Several years ago Ponte Gadea paid $350 million for 730-750 N. Michigan Ave., a prime block that includes Tiffany's, Banana Republic and Ralph Lauren, according to a...

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