CORFAC News

Chatham, N.J. – A few years shy of turning 100 as a global commercial real estate services provider, The Garibaldi Group/CORFAC International’s President Jeff Garibaldi today announced the expansion of the firm’s Corporate Advisory and Financial Services divisions with the promotion of Chuck Bower to Senior Executive Director of Financial Services and the recruitment of Jim Reeb and Charlie Dai as new executives for key roles in its Corporate Services unit co-chaired by Senior Executive Director Jerry Moore.

In the past three years the firm’s two business units that comprise Corporate Services -- Corporate Advisory and Financial Services divisions, have represented clientele in approximately 5.2 million square feet of projects throughout the globe and in 2015 were responsible for approximately $375 million in completed assignments in 26 different U.S. and international markets. The divisions provide services to major life science companies, institutional and private investors, manufacturing companies, credit tenant lease investors, and defense companies.  Notable corporate clientele includes the Griffon Corporation, DRS Technologies, Celldex Therapeutics, Clopay Building Products, NPS Pharmaceuticals, AMES, JHP Pharmaceuticals, and Telephonics Corporation.

The moves to grow professional staff, explains Garibaldi, “are based in response to the ever expanding needs of the firm’s corporate and investment clientele. Since joining The Garibaldi Group in 1999 Jerry Moore and Chuck Bower have spearheaded the growth of the firm’s Corporate Advisory and Financial Services platforms both domestically and abroad. We have grown to a point where it is necessary to provide separate and focused leadership for these two divisions that for over 17 years have helped expand The Garibaldi Group brand.”

Bower was Senior Vice President prior to his promotion as Senior Executive Director. Since Moore and Bower joined the firm they have completed in excess of $3 billion in financial services related assignments and grown the corporate advisory platform to now include approximately 20 million square feet of global assets under management.

“Over the span of almost two decades Jerry and Chuck have proven to be invaluable assets to the firm as they have consistently proven to be best-in-class advisors and are part of our elite core of senior Garibaldi Group producers. Their in depth experience, attention to detail, and personal commitment have helped us maintain and develop many long term relationships with numerous corporations and investors,” said company CEO Jim Garibaldi.

“The need to provide integrated and comprehensive client solutions have increased over the years, which has allowed us to expand on the firm’s foundation of tenant representation and commercial brokerage. We have added services such as asset and portfolio strategic planning, lease administration and benchmarking, M&A and property due diligence, incentives and site selection, private and public structured financing, project and construction management, and network optimization and supply chain consulting,” said Jerry Moore.

“The environment for securing corporate services work from national and global companies is more competitive than it has ever been,” says Jeff Garibaldi, the firm’s president and co-chair of its Corporate Services unit, along with Jerry Moore. “But in many instances in recent years we have been able to out maneuver larger firms to win business, and we have done so because we have a diverse and talented team that are actively involved in managing all aspects of every assignment. Adding Jim and Charlie only makes us stronger,” he added.

“I am pleased to hear that one of our long-term members is continuing to grow and expand their business in order to remain a top leader in CORFAC International.  With expanded services and new executives, we look forward to them continuing to be a top referral source for CORFAC members based on their Corporate Advisory and Financial Services platforms,” said John R. Homsher, CCIM, Principal with Chicago-based Podolsky|Circle CORFAC International. Homsher is the 2016 President of CORFAC International. The Garibaldi Group has been a CORFAC affiliate for two decades.

Senior Advisor Jim Reeb was brought in to lend his expertise in manufacturing and supply chain strategic planning as well as advising clients in structured and alternative financing options and tactics. He has over 30 years of experience in corporate real estate and financial advisory services. Prior to The Garibaldi Group, Reeb was President of the Institute St. Onge, an affiliate of the St. Onge Company, which is focused on humanitarian supply chain development and financing. Earlier in his career he held positions as the head of Cushman & Wakefield's Global Business Consulting Practice Group, and as a Partner of Deloitte & Touche’s Mid-Atlantic Region that specialized in corporate real estate advisory services. Reeb earned a Master’s degree in Real Estate and Urban Land Studies from Temple University and did a post-graduate fellowship at Glasgow University in Scotland. He is an adjunct professor at Elizabethtown College, PA.

Senior Vice President of Business Development Charlie Dai joined the Garibaldi Group after more than 20 years of marketing and business development experience in both real estate and the life sciences sector. Before joining the firm Dai was Vice President of TellMed Strategies, a medical and pharmaceutical public relations firm, which grew nearly 500% during his tenure. His ability to evaluate real estate potential to best guide clients is further informed by his prior experiences in construction and as team leader for a Fortune 500 information services company supporting the banking industry. He holds both a Bachelor of Arts and a Masters in Science from Wagner College.

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.