Jeffrey Garibaldi, Jr., managing partner, NAI Summit; Jeffrey Garibaldi, Sr., CEO, The Garibaldi Group; Peter O. Hanson, chairman of the board, NAI; James E. Hanson. William C. Hanson, president, NAI James E. Hanson. PHOTO/NAI JAMES E HANSON
Two Lehigh Valley commercial real estate firms have been acquired by NAI James E. Hanson, described as the largest New Jersey-based full-service independent commercial real estate firm.
The Garibaldi Group, which has offices in Bethlehem and NAI Summit of Allentown were both acquired by Hanson.
NAI James E. Hanson’s President William C. Hanson will serve as president of all three companies.
TGG will relocate its offices from Chatham, New Jersey to NAI James E. Hanson’s Parsippany, New Jersey office.
NAI Summit will continue to operate under its name and out of its office at 1620 Pond Road in Allentown.
With the merger, NAI James E. Hanson, TGG and NAI Summit now total over 100 team members and over 10 million square feet 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. “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.”
Founded in 1919 in Hoboken, New Jersey, TGG is now in the fourth generation of Garibaldi family leadership.
Acquired by TGG in 2021, NAI Summit has been led by Managing Partner Jeffrey Garibaldi, Jr.
According to a press release, NAI Summit’s property management division currently manages over three million square feet 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.
