Rami Levy Supermarket Chain to Anchor New Commercial Center in Mazkeret Batya

Supermarket chain Rami Levy has signed a 20-year lease for approximately 3,500 square meters in a commercial complex being developed by footballer Eran Zahavi and his partner Avi Arbiv in Mazkeret Batya's Technology Park. This significant agreement follows a recent deal with Holmes Place, a fitness chain, which leased about 2,000 square meters for the same duration. Together, these two anchor tenants will occupy roughly 5,500 square meters, providing a substantial commercial foundation for the project ahead of its planned occupancy in early 2027. The Rami Levy supermarket is expected to draw consistent daily traffic, potentially attracting additional businesses like restaurants, cafes, and shops to the new development. While the total financial terms of the Rami Levy deal have not been disclosed, industry estimates suggest a rental rate of around 90 shekels per square meter, which would amount to approximately 315,000 shekels per month before any volume discounts. The long-term leases are crucial for securing financing and reducing the perceived risk for developers of new commercial spaces. Zahavi and Arbiv are expanding their real estate activities in the area, having recently acquired an additional 10 dunams for commercial, office, and high-tech development. The Mazkeret Batya project, situated near the train station and major highways, is part of a broader effort to establish a significant employment and tax base in the city. This venture builds on Zahavi and Arbiv's prior experience in developing commercial properties, including a previous project in Rehovot.