NAI James E. Hanson, New Jersey’s largest full-service independent commercial real estate (CRE) firm, has significantly expanded its footprint and expertise by acquiring The Garibaldi Group (TGG) and NAI Summit. The move enhances the company’s reach across New Jersey and Pennsylvania, creating a combined team of over 100 professionals managing more than 10 million square feet of commercial properties.
William C. Hanson, SIOR, President of NAI James E. Hanson, will now lead the three firms. TGG’s operations will relocate from Chatham, N.J., to NAI James E. Hanson’s Parsippany, N.J., office, while NAI Summit will retain its name and continue operations from its Allentown, Pa., office. Together, the firms will provide clients with a broader range of services and deeper expertise across key asset classes.
“This is a pivotal moment for us,” said Hanson. “Our families have multi-generational relationships and shared values, making this partnership a natural fit. With these acquisitions, we strengthen our geographic reach, deepen our industry expertise, and enhance the service we deliver to our clients.”
Historic Legacy Meets Strategic Growth
Founded in 1919 in Hoboken, N.J., The Garibaldi Group has built a century-long reputation for exceptional service, in-depth market research, and high-level transactions across the U.S. and globally. The firm’s client portfolio includes prominent corporations such as Bristol-Myers Squibb, Prudential, and Honeywell. TGG has also maintained its status as a boutique brokerage with extensive reach and expertise.
NAI Summit, acquired by TGG in 2021, has established itself as a trusted real estate services provider in eastern Pennsylvania. Led by Managing Partner Jeffrey Garibaldi, Jr., NAI Summit specializes in industrial sector acquisitions, dispositions, and leasing, managing over three million square feet of commercial property. Jeffrey Garibaldi, Jr. will continue his leadership role at NAI Summit, collaborating with Hanson to oversee operations.
“This partnership allows us to merge our strengths and expand our presence in the northern New Jersey market, delivering unmatched CRE services to businesses of all sizes,” said Jeffrey Garibaldi, Jr.
Jeff Garibaldi, Sr., CEO of TGG, echoed the sentiment: “As a multigenerational family business, we saw a natural alignment with NAI James E. Hanson’s vision. Together, we’re creating one of the region’s most dynamic and comprehensive CRE platforms, ready to deliver innovative solutions and exceptional results for our clients.”
Expert Legal and Financial Guidance
The transaction was facilitated by top-tier legal and financial teams. Connell Foley LLP’s John Cromie and Amanda Kelly, along with Kevin Collins of Aprio Advisory Group LLP, represented NAI James E. Hanson. James DiGuilio and Michael Dee of O’Toole Scrivo, along with Michael Zone of Weisman & Co., represented The Garibaldi Group and NAI Summit.
About NAI James E. Hanson
Since its founding in 1955, NAI James E. Hanson has been a leader in independent CRE brokerage and property management. The firm offers expertise in office, industrial, and retail brokerage, investment sales, land sales, government services, and financing. As a member of the NAI Global network, NAI James E. Hanson extends its reach to over 325 offices worldwide.
For more information, contact William C. Hanson, SIOR, at the Teterboro office at 201-488-5800 or visit www.naihanson.com.