Salesforce Leases Five Floors in Tel Aviv's ToHa 2 Tower for $37 Million
Translated & summarized from Calcalist by baba
Salesforce has leased five floors in Tel Aviv's ToHa 2 tower for approximately NIS 140 million over five years. The deal covers 15,300 square meters and aims to consolidate the company's local operations. The move is planned for the first half of 2028, after construction is completed. The ToHa 2 tower is a green-certified building with various amenities.
The story in 5 lines · by baba
- Salesforce leased five floors in Tel Aviv's ToHa 2 tower for NIS 140 million.
- The lease covers 15,300 square meters for a five-year term.
- The move aims to consolidate Salesforce's 1,000-employee operations in Israel.
- Occupancy is expected in the first half of 2028 after construction.
- ToHa 2 tower is a LEED Platinum certified green building.
American cloud giant Salesforce has signed a lease agreement for five floors in the ToHa 2 tower in Tel Aviv, owned by Amot and G-City. The deal, valued at approximately NIS 140 million (around $37 million), covers 15,300 square meters of office space. The monthly rent is estimated at NIS 150 per square meter, leading to annual rent of about NIS 27.5 million. The lease term is set for five years.
Salesforce, a provider of cloud-based customer relationship management systems integrated with artificial intelligence, had been searching for office space for an extended period. The five floors secured are located on levels 42-46 of the 78-story tower, with an option to lease two additional floors later. The company plans to consolidate its local operations into this single complex, excluding its Nazareth branch, which will remain separate. Salesforce employs approximately 1,000 people in Israel.
The company currently operates from offices in the ToHa 1 tower and several other locations. The move to ToHa 2 is expected to be completed in the first half of 2028, following the completion of planning, design, and construction phases. Salesforce's Israeli development center, established in 2011, has grown significantly through organic expansion and acquisitions of Israeli companies, including Datorama and Zoomin.
The ToHa 2 tower is being built to meet LEED Platinum green building standards and will feature amenities such as fitness and spa facilities, a conference center, cafes, restaurants, and a bridge connecting it to ToHa 1.
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