Page 8 - RE-NJ

6 FEBRUARY 2025
THE
BRIEFING
NAI HANSON ACQUIRES GARIBALDI
GROUP TO COMBINE STORIED FIRMS
NAI James E. Hanson has acquired
The Garibaldi Group, bringing
together two of New Jersey’s oldest
and most recognizable brokerage
and real estate services fi rms.
The companies, which have
existed for a combined 180
years, announced Jan. 9 that the
transaction brings NAI Hanson’s
headcount to more than 100 and its
properties under management to
more than 10 million square feet.
The acquisition also includes NAI
Summit of Allentown, Pennsylvania,
which Garibaldi acquired last
spring.
NAI Hanson President William C.
Hanson will now serve in that role
for the three companies, whose
merger was fi rst reported by NJBIZ.
The Garibaldi team will move from
its longtime home in Chatham to
NAI Hanson’s Parsippany offi ce at
10 Lanidex Plaza West, while NAI
Summit will continue to operate
under its name and from its
Allentown offi ce.
“This is very exciting. Our
families have multigenerational
relationships. We have similar
cultures and values that make
this feel like a natural fi t,” said
Hanson, whose fi rm is based in
Teterboro. “Our acquisition of The
Garibaldi Group and NAI Summit
will strengthen our geographic
reach across New Jersey and
Pennsylvania, deepen our presence
and reinforce our expertise in
important asset classes. 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.”
Garibaldi, or TGG, is now in
its fourth generation of family
leadership after its 1919 founding.
The boutique fi rm has a long history
of representing clients such as
Bristol-Myers Squibb, Prudential
Financial and Honeywell, while
most recently representing Freshpet
Courtesy: NAI James E. Hanson
Clockwise from top left: NAI Summit Managing Partner Jeffrey Garibaldi Jr., NAI James E. Hanson President William Hanson, NAI
James E. Hanson Chairman Peter Hanson and The Garibaldi Group CEO Jeffrey Garibaldi Sr. met recently to mark NAI Hanson’s
acquisition of The Garibaldi Group and NAI Summit
Inc. in a lease for a new ground-
up headquarters in Bedminster
developed by Advance Realty
Investors.
TGG acquired NAI Summit last
year as part of a plan to grow
beyond its roots in corporate offi ce
leasing, giving it an established,
robust property management team
and a group of brokers with vast
experience in sales and leasing
deals in the Lehigh Valley.
“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,” said Jeffrey Garibaldi
Jr., managing partner of NAI
Summit, who will remain in the role
and continue to oversee day-to-day
operations in tandem with William
C. Hanson. “This key strategic move
will enable us to join forces in the
northern New Jersey market to
deliver an unmatched commercial
real estate services experience to
businesses of all sizes.”
NAI Hanson, for its part, has
been a mainstay in northern New
Jersey since its founding in 1955
as an outgrowth of the historic
James E. Hanson and Co. It is one
of the original members of NAI
Global, the commercial real estate
network with more than 325 offi ces
worldwide, and offers services
in offi ce, industrial and retail
brokerage and other areas.
“As a multigenerational family
business, we saw a natural
alignment with NAI James E.
Hanson’s values and vision,” said
Jeffrey Garibaldi Sr., The Garibaldi
Group’s CEO. “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 NAI Hanson’s behalf. James
DiGuilio and Michael Dee of O’Toole
Scrivo LLC provided legal services,
while Michael Zone of Weisman &
Co. served as the accountants for
the transaction on behalf of TGG
and NAI Summit.