Hapoalim rents 1,200 sqm in Rehovot

"180,000 sq.m. have already been built in Rabin Park in Rehovot, 80% of which is occupied.

Rorberg Contractors and Engineers Ltd., owned by developer Israel Rorberg, is currently finishing construction of a 25,000-sq.m. office building in Rabin Park. The building is the company’s third in the park; the first two have been completely sold. Rorberg Contractors spent an estimated $25 million on the project over the past three years.

Located in northern Rehovot, Rabin Park is planned to cover 350,000 sq.m. 180,000 sq.m. has been built to date, 80% of which is occupied.

Rabin Park features knowledge-intensive and financial companies and other offices, such as HP-Hewlett Packard (NYSE: HPQ) subsidiary Indigo, El-Op Electro-Optics Industries, Applied Materials (Nasdaq: AMAT), and Silver Arrow. The park is part of a larger compound that also includes the Kiryat Weizmann industrial park bordering Ness Ziona.

Construction of the building is being completed now, and the first tenants are moving in."

Source: Guy Yamin. Hapoalim rents 1,200 sqm in Rehovot. Globes online (15 May 2005) [FullText]