The property asset involved in this transaction is a 21,806-square-foot penthouse located at 2990 Ponce De Leon Boulevard in Coral Gables. This asset is part of a Class A office building, which is situated in a competitive market characterized by its strategic location and upscale amenities.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 2990 Ponce De Leon Boulevard
• Market: Coral Gables
• Lease Term: long-term
• Landlord: Eduardo Gildenson - Gildenson Real Estate
• Tenant: Zeri Zapata - The NO-FAULT Group
• Brokers: Kevin Gonzalez & Stephen Rutchik - Colliers

Colliers facilitated the leasing deal between Eduardo Gildenson, representing the landlord, and Zeri Zapata, representing The NO-FAULT Group as the tenant. This long-term lease demonstrates the commitment of The NO-FAULT Group to establish a presence in Coral Gables, which is noted for its thriving office submarket and low Class A vacancy rates.