CORFAC News

A few years shy of turning 100 as a commercial real estate services provider with an iconic past of bringing major industries to the urban areas of New Jersey, The Garibaldi Group/CORFAC International’s Chief Executive Officer Jim Garibaldi today announced that the firm has promoted Mike Witko to Principal.

The move, explains Garibaldi, “is intended to initiate an eventual change of company management to the next generation of leaders within our firm.” Witco is 38. Witko’s promotion to principal is also one of the rare times in the firm’s 97-year history in which a non-family member has had an equity partner stake in the business.

“In the short span of eight years since joining the firm, Mike has proven to be an invaluable asset in enhancing the firm’s production and stature, and contributing to its continued growth. His enthusiasm, energy and drive have earned him the respect of all those he works with, clients and associates alike. He consistently takes the firm-view in his day-to-day activities and responsibilities, and has contributed significantly to the firm’s new business development, as well as its recruitment and training initiatives. For those reasons, we were happy to welcome him recently as an equity partner in the firm, and look forward to a long and fruitful association with him for many years to come,” Garibaldi said.

In addition to traditional brokerage services, The Garibaldi Group (TGG) provides strategic planning, tenant representation, project/construction management, lease administration, divestures, site selection and state incentives advisory services, architectural/alternative workplace strategies and logistics/supply chain consulting.

Garibaldi added that two of his nephews – Scott Garibaldi (27) and Jeff Garibaldi Jr., (34) recently joined the firm as part of the same initiative to prepare the next generation of company leaders to guide the The Garibaldi Group’s growth for future generations. Scott Garibaldi is a junior broker in the company’s Corporate Services group and Jeff Garibaldi is the firm’s Director of Marketing. Both men are the sons of TGG’s President Jeff Garibaldi (who is Jim’s brother).

More on Mike Witko: http://thegaribaldigroup.com/category/the-team/michael-witko/

About The Garibaldi Group
The Garibaldi Group is managed by third-generation family members (Jim and his brother Jeffrey), Principal Peter Blanchard, Principal Mike Witko and Chief Financial Officer Greg Marsh. The firm’s professionals are individually chosen for assignments that fit their talents and experience in order to ensure the highest level of service for its clients, with a principal of the firm overseeing every transaction. The company was founded in 1919 in Hoboken, NJ by Joseph J. Garibaldi, Sr. to serve the urban areas of North New Jersey. Mr. Garibaldi’s efforts to bring several large companies, including the famed Maxwell House Coffee plant, to Hoboken were “the greatest single factor to Hoboken’s amazing industrial boom,” as promoted by the NJ Observer in 1939. The Bauhaus-style Maxwell House, which opened in 1939, was the largest coffee plant in the world. The second generation took over management of the real estate firm in the 1940s. In the 1970s the third generation became involved in the business, changed its name to The Garibaldi Group, LLC and relocated to Chatham, NJ.