The NO-FAULT Group Secures 22,000 SF Penthouse Office

As the Class A office market in Coral Gables continues to thrive, drawing companies with its strategic location, upscale amenities, and top-tier office spaces, The NO-FAULT Group, a leading attorney referral provider, has committed to a long-term lease for the expansive 21,806-square-foot penthouse at 2990 Ponce, a Class A office building situated in the heart of Coral Gables.

The transaction was facilitated by Colliers Vice Chair Stephen Rutchik and Senior Vice President Kevin Gonzalez.

“We’re proud to have successfully found The NO-FAULT Group’s perfect new central headquarters at 2990 Ponce,” said Rutchik. “The impressive space offers abundant natural light and a first-class build-out that focuses on enhancing company culture and supporting employee wellness. With this strategic move, the provider is well-positioned to expand their operations nationally, with the added benefit of prominent building-top signage to enhance their brand visibility further.”

2990 Ponce is an architecturally striking 6-story building featuring 60,000 square feet of contemporary office space, complemented by private balconies, premium finishes, a 6,000-square-foot rooftop terrace, and ground-floor retail. Currently, 9,406 square feet of prime office space remains available for lease, offering potential tenants a unique opportunity to join this vibrant business hub.

Positioned in one of Miami’s most desired neighborhoods, the unique property provides convenient access to Miami International Airport, Downtown Miami, and the Brickell Financial District, making it ideal for local and national companies looking to capitalize on the area’s business-friendly environment. Tenants enjoy unparalleled access to the vibrant amenities and dining options that Coral Gables offers, with an array of upscale restaurants, boutique shops, and essential services within walking distance. Its central location provides easy access to key roads and the Coral Gables trolley while nestled away from typical traffic congestion. The property’s proximity to over 150 multinational corporations further enhances its appeal for businesses seeking the prestige and benefits linked to the premier submarket.

The NO-FAULT Group is a leading referral service in Florida dedicated to assisting individuals injured in various accidents by connecting them with experienced attorneys and medical professionals. With a focus on cases such as auto, motorcycle, bicycle, pedestrian, slip and fall, workplace, and boating accidents, the organization aims to ensure clients receive the necessary legal representation and medical care for their recovery​. The NO-FAULT Group operates through branches in Miami, Orlando, and Sunrise, offering 24/7 support from local advisers to help clients navigate their rights and needs​. The provider is set to relocate to the impressive penthouse space at 2990 Ponce in the fourth quarter of this year.

“We are thrilled to welcome The NO-FAULT Group to 2990 Ponce. Their selection of this site underscores the property’s prime location and distinctive contemporary design. The building perfectly aligns with the current market’s demands, offering what today’s tenants are actively seeking in order to attain and retain the best talent,” said Eduardo Gildenson, President of Gildenson Real Estate, who served as asset manager for part of the ownership team.

Gildenson Real Estate is a comprehensive brokerage and property management firm in Texas, specializing in residential and commercial properties. Founded in 2018 by President Eduardo Gildenson, the firm is dedicated to assisting clients in buying, selling, or leasing real estate throughout various markets in the the nation.

Coral Gables continues to flourish as one of Miami-Dade’s most sought-after office submarkets, with its well-established business community and limited office space availability due to constrained land options. In Q3 2024, the overall vacancy rate stood at 9.9%, down from 11.3% the year prior, while Class A office space saw increased improvement, with vacancies decreasing to 12.6%. This penthouse lease ranks in the top five largest new leases in the submarket this year, highlighting the ongoing interest in the area. Tenants are increasingly committing to high-end properties, drawn by Coral Gables’ prime location, modern workspaces, and vibrant amenities that foster business growth.