Wiz and Cyberstarts take over Landmark Tower B in major Tel Aviv leasing deal
Full occupancy deal values offices at roughly $40 million annually.
Real estate companies Melisron and Efi Properties have officially announced the leasing of 15 floors in Landmark Tower B to the venture capital fund Cyberstarts.
The fund, founded by Gili Raanan, specializes in investments in cybersecurity companies and plans to allocate the floors in the tower to its portfolio companies.
Landmark’s second tower in the Sarona complex is set to become a “Cyber Tower,” as the remaining 13 office floors have been leased to cybersecurity giant Wiz. Wiz is also a Cyberstarts portfolio company, whose record sale to Google for $32 billion was completed in March.
The total rental value of the office space in the new tower is estimated at approximately NIS 120 million (approximately $40M) per year.
Cyberstarts’ offices will span an area of 22,400 square meters. Construction is expected to be completed by the end of 2026, with occupancy beginning in 2027.
Landmark Tower A also has a significant cybersecurity presence, hosting companies such as Cato Networks, Tenable, and Cyera.
In addition, 116 residential apartments are planned for the upper floors of Tower B, with marketing currently underway.
Wiz signed a lease agreement worth NIS 60 million per year (approximately $20M) in March. The move was notable because it suggested that Wiz intends to maintain a significant degree of operational independence even after becoming part of Google. The tech giant had previously been searching for space for Wiz in the ToHa Tower, where Google itself is scheduled to relocate in 2027.
