Tel Aviv Office Tower Attracts Tech Tenants

A new office tower in central Tel Aviv is attracting some high-tech tenants.

Landmark TLV Tower A, which opened for occupancy last year, has reached full capacity, CTech reported. Of the companies housed in the building, approximately 40 percent are cybersecurity companies.

The building is owned by Melisron and Afi Properties, which have inked deals with several firms this year for approximately 75,460 square feet of office space, or more than 20 percent of the total office space in the tower.

The new tenants include Cyera, which leased two and a half floors for about 32,808 square feet of offices; Workday with one and a half floors for 13,123 square feet; Sentra on one floor with 8,530 square feet; Pixellot with half a floor at 4,265 square feet; and Viola with one floor at 8,530 square feet.

The Landmark development consists of two towers. Tower A is a 41-story office and commercial building, now fully leased, that boasts more than 328,000 square feet of office space in total. Tower B is still under construction and slated to wrap up next year. That building will include about 147,637 square feet of office space and 116 residential apartments. It additionally will include about 19,685 square feet of retail space and 2,000 parking spaces.

Altogether, tenants that have signed agreements since the start of the year will pay about $114,370,006 in lease commitments, per CTech.

The new tenants will join other firms that moved in last year when occupancy began. Those include Walmart with more than 13,120 square feet of space across one and a half floors and J.P. Morgan and Pitango sharing one floor with about 4,265 square feet of offices each.

Meta holds Landmark TLV Tower A’s largest lease. The tech conglomerate signed its deal for 20 floors in April 2022, though it later reduced its footprint to 13 floors and subleased the remainder of the space, eventually shaving down its profile to 13 floors total.

Cyera, Workday and Tenable leased the vacated space. Other tech tenants at the tower include Cato Networks, XM Cyber, Perion, and Optibus.

— Chris Malone Méndez