Wiz leases workplaces in Tel Avivs Landmark 2 tower
Within the wake of its $32 billion acquisition by Google, Israeli cybersecurity firm Wiz is shifting into new workplace area in varied areas as a part of its future growth. “Globes” has discovered that the corporate, at present positioned in a tower on Dubnov Avenue in Tel Aviv, has leased the higher flooring of the Landmark 2 tower, which is at present being constructed within the Sarona district in Tel Aviv and is because of be occupied in mid-2027.
Wiz has obtained a lease at a reduction, as a part of negotiations performed by the cybersecurity firm’s first investor, Gili Raanan, on behalf of portfolio corporations in his enterprise capital fund, Cyberstarts. Raanan requested Landmark’s homeowners Melisron and Mapi Properties for a reduced value for a number of corporations within the fund, in addition to for corporations which will increase capital from it sooner or later.
The Landmark 2 tower, west of Sarona Market on Ha’arba’a Avenue, is positioned subsequent to a different workplace space that Wiz is at present constructing, as beforehand revealed by “Globes,” in a renovated 5,500 sq. meters Bauhaus-style five-floor constructing, underneath building by developer Roy Gil, proprietor of the Beit Sayag Sarona Group.
Wiz may be a part of Google’s lease deal within the ToHa 2 constructing in Tel Aviv, which is being constructed on Tozeret Ha’aretz Avenue east of the Ayalon Freeway, the place the tech large has leased as much as 85,000 sq. meters – half of the constructing that can be occupied in early 2027. Nonetheless, it has not but been determined whether or not Wiz may even transfer to those services, that are very removed from its authentic space of operation in central Tel Aviv.
Not all of the entrepreneurs are enthusiastic
Raanan’s transfer, which has thus far entails a number of Cyberstarts portfolio corporations led by Wiz, gives a number of benefits for startups. It provides them workplace area at a comparatively low price, in contrast with corporations individually on the lookout for new workplaces, and can to permit them to develop extra simply or trade workplaces with one another sooner or later.
Nonetheless, not all of the entrepreneurs are enthusiastic concerning the concept of renting area in a constructing subsequent to different cybersecurity corporations. Not everybody sees Landmark Tower 2 as a high quality asset – Landmark Tower 1 obscures the view from the constructing’s western facet, and there’s additionally concern a couple of aggressive ambiance amongst corporations that would see workers extra simply bounce ship to a close-by rival firm.
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Consequently not all Cyberstarts portfolio corporations have heeded Ra’anan’s name to maneuver to the Landmark 2 tower. Considered one of Raanan’s distinguished portfolio corporations, Cyera, which raised funds at a $6 billion valuation earlier this yr, has leased 4 flooring within the close by Landmark 1 Tower and has no plans to maneuver to the neighboring tower at present underneath building. It’s planning to develop within the tower the place it operates as a part of a transfer to maintain workers shut collectively. Island, a distinguished portfolio firm that raised funds not too long ago at a $5 billion valuation, may even stay in its present location on Hamered Avenue, close to Tel Aviv seafront.
No response has been forthcoming from Wiz, Cyberstarts and Melisron.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on December 4, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
