Firm bolsters CRE expertise across NJ and PA
NEW JERSEY & PENNSYLVANIA — NAI James E. Hanson has expanded its regional footprint and expertise through the acquisition of The Garibaldi Group (TGG), a full-service CRE company with over 100 years of experience, and NAI Summit, eastern PA’s premier full service commercial real estate firm.
NAI James E. Hanson’s president William C. Hanson, SIOR, will now serve as president of the three companies. TGG will relocate its offices from Chatham, NJ to NAI James E. Hanson’s Parsippany, NJ office at 10 Lanidex Plaza West. NAI Summit will continue to operate under its name and out of its office at 1620 Pond Rd. in Allentown, PA. Together NAI James E. Hanson, TGG and NAI Summit will now total over 100 team members and over 10M s/f of properties under management.
“This is very exciting. Our families have multi-generational relationships. We have similar cultures and values that make this feel like a natural fit,” said Hanson. “We are thrilled to welcome The Garibaldi Group and NAI Summit to the NAI James E. Hanson team and look forward to leveraging our combined strengths to deliver an unmatched level of service to our clients.”
Founded in 1919 in Hoboken, TGG is now in the fourth generation of Garibaldi family leadership. Combining over 100 years of experience, TGG has created a platform that delivers results to clients no matter their commercial real estate needs. With a long history of servicing recognizable corporate clients such as Bristol-Myers Squibb, Prudential, and Honeywell, the firm has established itself as a boutique brokerage house with impressive reach, conducting high level transactions across the country and even the globe.
Acquired by TGG in 2021, NAI Summit is one of eastern PA’s most trusted real estate services providers. Led by managing partner Jeffrey Garibaldi, Jr., NAI Summit’s team boasts four decades of experience in acquisitions, dispositions, and leasing. In addition, NAI Summit’s property management division currently manages over three million s/f of commercial space across the region. Together, TGG and NAI Summit employ 14 brokers and over 40 support staff. Jeffrey Garibaldi Jr. will remain in his role as managing partner of NAI Summit and continue to oversee day-to-day operations in collaboration with William C. Hanson.
“The roots of this transaction trace back to our acquisition of NAI Summit, combined with our family’s more than 50-year relationship with the Hansons. This key strategic move will enable us to join forces in the northern NJ market to deliver an unmatched commercial real estate services experience to businesses of all sizes,” added Jeffrey Garibaldi, Jr., managing partner of NAI Summit.
Jeffrey Garibaldi, Sr., CEO of TGG, continued, “As a multigenerational family business, we saw a natural alignment with NAI James E. Hanson’s values and vision. This partnership represents a unique opportunity to combine our deep expertise and longstanding relationships to build one of the region’s most comprehensive and dynamic commercial real estate services platforms. We are excited to work together to continue to deliver innovative solutions and exceptional results for our clients.”
John Cromie and Amanda Kelly of Connell Foley LLP provided legal services and Kevin Collins of Aprio Advisory Group LLP served as the accountant for the transaction on behalf of NAI James E. Hanson. James DiGuilio and Michael Dee of O’Toole Scrivo provided legal services and Michael Zone of Weisman & Co. served as the accountants for the transaction on behalf of The Garibaldi Group and NAI Summit.