TEL-AVIV-Electra Tower, a new 43-story office property owned by locally based Electra Real Estate and Ampa Ltd., is on the sales block. Ownership has hired New York City-based Carlton Group to market the building.
A deal for the building sale for about $300 million was reportedly dropped early this year by the Azrieli Group, according to story in Globes, an Israeli business publication. A Carlton spokeswoman tells GlobeSt.com that the building had not been formally marketed until now.
The 640,000-square-foot tower is almost 100% occupied, and includes tenants such as General Electric, EBay, law firm Goldfarb Seligman and Google, which occupies eight floors. The spokeswoman says the venture is trying to sell the asset since it is stabilized.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
