US-based Parallel Wireless has signed an agreement to move its Israel offices from Kochav Yair-Tzur Yigal to Kfar Saba’s O-TECH complex.
Parallel Wireless specializes in developing products that enable reception and transmission for all cellular generations (2G-5G). It will lease 2,900 sq.m. in O-TECH’s Building B.
Index Real Estate negotiated the 10-year agreement, which is worth about NIS 40 million.
O-TECH, which was established by the Oshira real-estate company, is a new complex for hi-tech, biotech and international companies. It includes three office buildings, a recreation, entertainment and catering center and occupies more than 100,000 sq.m. The project is valued at about NIS 800m.
“We’re very proud that Parallel Wireless is joining the O-TECH complex,” Oshira CEO Golan Dotan said in a press release.