Strauss-Elite will move its main offices to Petah Tikva from Ramat Gan, the company said.
In Petah Tikva, the Strauss-Elite group has rented a 10-floor, 10,500 square-meter building in the Park Yannai complex on Rehov Hasibbim for $150,000 a month. The company plans to move to the site before the end of 2007, and may continue the current rental contract for up to 25 years. Strauss-Elite recently sold its original Bauhaus-period headquarters in central Ramat Gan to Donald Trump and Crescent Heights - who plan to develop a 70-floor, $44 million residential tower on the site.
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