Major leases at the ToHa2 tower in Tel Aviv

In depth

Salesforce leased five floors in the ToHa2 tower in Tel Aviv, covering an area of about 15,300 sq m, for five years with an option for two additional floors. According to Bizportal, it will consolidate about 1,000 of its employees in Tel Aviv there. The deal amount was not published, and according to market estimates it reaches about 130-140 million shekels. According to Calcalist, rent in the tower is estimated at about 150 shekels per sq m.

A day later, Amot Investments and Gav-Yam signed an agreement with WeWork to lease four floors in the tower. According to Bizportal, the area is about 10,000 sq m for a period of ten years, and WeWork will expand its space in the ToHa complex to about 30 thousand sq m. According to Calcalist and Ice, the deal is estimated at about 180 million shekels. According to Maariv, the two deals together are estimated at about 320 million shekels.