16A — January 2025 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
Denholtz Properties rebrands to Denholtz
Firm bolsters CRE expertise across NJ and PA NAI James E. Hanson acquires TGG & NAI Summit
N
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., manag- ing partner of NAI Summit. Jeffrey Garibaldi, Sr. , CEO of TGG, continued, “As a mul- tigenerational family business, we saw a natural alignment with NAI James E. Hanson’s values and vision. This partner- ship represents a unique op- portunity 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 innova- tive solutions and exceptional results for our clients.” John Cromie and Amanda Kelly of Connell Foley LLP provided legal services and Kevin Collins of Aprio Ad- visory Group LLP served as the accountant for the transac- tion on behalf of NAI James E. Hanson. James DiGuilio and Michael Dee of O’Toole Scri- vo 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. MAREJ
EW JERSEY & PENNSYLVANIA — NAI James E. Han-
son has expanded its regional footprint and expertise through the acquisition of The Garibal- di 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. Han- son, SIOR , will now serve as president of the three com- panies. TGG will relocate its offices from Chatham, NJ to NAI James E. Hanson’s Parsip- pany, 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-genera- tional relationships. We have similar cultures and values that make this feel like a natu- ral fit,” said Hanson. “We are thrilled to welcome The Garib- aldi Group and NAI Summit to the NAI James E. Hanson team and look forward to leverag- ing our combined strengths to deliver an unmatched level of service to our clients.” Founded in 1919 in Hobo- ken, TGG is now in the fourth generation of Garibaldi family leadership. Combining over 100 years of experience, TGG has created a platform that delivers
Katie Kurtz
Stephen Cassidy
Steven Denholtz
investment experience.” Founded in 1953, Denholtz’s team of over 120 employees manages a high-performing industrial, residential, retail, office, and mixed-use port- folio spanning over seven million square feet and over $2B in value. Recently, the firm expanded its Southeast footprint, adding properties in Georgia, North Carolina, South Carolina, Tennessee and Texas. Cassidy continued, “Look - ing ahead, we believe we are on the precipice of the next commercial real estate growth cycle. As Denholtz, we will leverage our vertical integra- tion, outstanding stewardship, and dedication to investors to build on our success across diverse markets nationwide.” Katie Kurtz, CEO of Den- holtz added, “Over the past 10 years, Steven Denholtz and Stephen Cassidy have priori- tized assembling a world-class team and developing robust capabilities, establishing a dis- tinctive investment platform providing access to exclusive opportunities that consistently delivers exceptional results. This rebrand reinforces our dedication to being a trusted partner for our investors, blending institutional rigor with an entrepreneurial spirit to thrive in an ever-changing market.” MAREJ
RED BANK, NJ — Den- holtz Properties has re- branded to Denholtz . The re- brand reflects Denholtz’s evo - lution into a leading privately held investment management firm, driven by innovation and distinguished by institutional- grade execution. The rebrand is the latest in a series of strategic initiatives aimed at strengthening the company’s dynamic, vertically integrated platform, head- lined by the recent appoint- ment of Katie Kurtz as chief executive officer. Looking ahead, Denholtz’s seasoned team will leverage its extensive market expertise and operational acumen to implement customized invest- ment strategies, seizing oppor- tunities and maximizing every facet of real estate to deliver consistent, high-quality re- turns for investors nationwide. “This rebrand marks a seminal moment in the long history of Denholtz,” said Stephen Cassidy , managing partner of Denholtz. “For over 70 years, our commitment to integrity and delivering results has built a successful track record and strong part- nerships nationwide. Our new identity signals that we’ve crafted a unique approach— guided by our experience and driven by innovation—to of- fer investors an unparalleled
Shown from top left: Jeffrey Garibaldi, Jr.; Jeffrey Garibaldi Shown from bottom left: Peter O. Hanson, SIOR; William C. Hanson, SIOR 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 prop- erty 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 man- aging partner of NAI Summit
IOREBA gears up for 2025 with upcoming events
WEST ORANGE, NJ — The Industrial and Office Real Estate Brokers As- sociation of the New York Metropolitan Area (IO- REBA) gathered on December 9th, 2024 at the Highlawn in West Orange, New Jersey to kick off the holiday season in style at its annual Holiday Party. A perennial favorite event, IOREBA members and guests came to catch up and discuss the state of the market and cheer the end of a successful year. Save the date: Upcoming events were an- nounced including IOREBA’s annual Developer’s Night which is slated for Monday, March 31st, 2025 at the Marriott at Glenpointe in
NITA welcomes Hart as director of marketing
Her expertise will also play a key role as the company continues its expansion in Florida. Additionally, Hart will manage internal commu- nications, keeping the team connected and well-informed – two components at the core of providing high-level, dedicated service. A proud graduate of Mon- mouth University, Hart earned a Bachelor’s degree in Public Relations. Her pro- fessional background spans multiple industries, including several years in the mortgage and beauty sectors, before establishing a successful free- lance career. MAREJ
MARLTON, NJ — Nation- al Integrity Title Agency (NITA) welcomes Sarah Hart
as director of marketing – a South Jersey native who brings years of experience and a fresh perspective to start off the new year. In
Shown from left: Bree Machanda (Secretary), Kurt Kalafsky (presi- dent), Lorenzo Lambiase (VP), James McGuckin (treasurer).
Shown from left: Kenneth Lun- dberg (NAI James E. Hanson), John Johnson (The Wellington Group); Kurt Kalafsky (Aztec Corporation, IOREBA president) throughout the year. Each year the events and distinguished speakers cater to the “hot topics” in the commercial real estate field at the time. MAREJ
Sarah Hart
this role, Hart will be respon- sible to supporting the market- ing needs of NITA’s partners, creating customized materi- als and digital campaigns for realtors throughout the Greater Philadelphia region.
Teaneck, NJ.
Educational and Networking Events IOREBA holds six to eight - educational/networking events
Made with FlippingBook Ebook Creator