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Ongoing Story· Day 2

Eran Zahavi and Partner Sign Major Deal With Rami Levy Supermarkets

2 developments

Israel HayomEconomy

Rami Levy Supermarket Chain to Open Large Branch in Mazkeret Batya Project

Translated & summarized from Israel Hayom by baba

Center-rightNeutral tone

Hebrew · 3 newsrooms covering

Rami Levy Marketing Hashikma will lease 3,500 square meters for a new branch in Mazkeret Batya's Eleven Center project, developed by Avi Arbiv and Eran Zahavi. This follows a similar large lease by Holmes Place, with both serving as anchor tenants in the mixed-use development.

The story in 5 lines · by baba

  • Rami Levy will open a 3,500 sqm branch in Mazkeret Batya's Eleven Center.
  • The 20-year lease is with developers Avi Arbiv and Eran Zahavi.
  • Holmes Place also leased 2,000 sqm for a gym in the same project.
  • The two tenants will be anchor tenants in the retail and leisure complex.
  • Arbiv and Zahavi recently bought more land in the area for development.

Rami Levy Marketing Hashikma has signed a 20-year lease agreement for approximately 3,500 square meters in the Eleven Center project located in Mazkeret Batya. The project is being developed by the Herssof Group, owned by entrepreneur Avi Arbiv and former footballer Eran Zahavi. The supermarket chain plans to establish a single-floor branch at the site.

This significant deal follows another recent major lease at the Eleven Center, where the Holmes Place fitness chain secured about 2,000 square meters for a gym, also on a 20-year lease valued at approximately 43.2 million shekels in total. Combined, these two anchor tenants will occupy about 5,500 square meters, serving key roles in the retail and leisure sectors of the complex. The developers are reportedly in negotiations with other leading retail chains and businesses.

Avi Arbiv stated that Rami Levy's entry, alongside Holmes Place, is a crucial step in shaping the Eleven Center's tenant mix and reinforces the potential identified in the Mazkeret Batya employment zone. The Eleven Center project, situated near the train station and major roads, is designed for offices, commerce, and leisure, featuring commercial spaces, offices, and a green rooftop.

This commercial development is part of a larger real estate venture by Arbiv and Zahavi in Mazkeret Batya. In May, they acquired three additional plots totaling approximately 10 dunams gross (5 dunams net for construction) in the area's employment zone for 21 million shekels, intended for high-tech, office, and commercial use.

Israel HayomRight · Tel Aviv

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Mentioned

Full coverage · 3 outlets
First: Israel Hayom · 11h ago

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