The building has a total surface of some 1,500 sqm, on four levels, and it is owned by a subsidiary of lender BCR.
After renovation, Inditex will use the building for its third street-side Zara store.
The Inditex network includes 57 stores in Romania, with brands such as Zara, Pull&Bear, Bershka, Stradivarius, Oysho, Zara Home and Massimo Dutti.