Colliers, a leading diversified professional services and investment management company, announces Joseph Garibaldi IV and Thomas Walsh, who have worked closely together for nearly 15 years, will join the firm’s capital markets team as vice chairs, based out of the Parsippany office.
Garibaldi and Walsh will continue to expand the already robust Colliers Investment Sales practice in the Tri-State area.
Most recently, Garibaldi and Walsh served as managing directors at Walker & Dunlop, where they successfully launched the firm’s investment sales team in the Tri-State region. With a renowned background as leaders in investment sales, the two have completed approximately $15 billion in transactions on behalf of their clients. Garibaldi and Walsh also bring a wealth of experience in institutional transactions, having previously led the investment sales team in the Tri-State area at JLL.
In their new roles, Garibaldi and Walsh will further strengthen the Colliers Capital Markets platform to help clients achieve their acquisition and disposition objectives across all asset classes. Garibaldi and Walsh’s multifamily expertise is particularly impactful, as a recent Colliers report found the asset class remains the most heavily traded. The team will also play a pivotal role in collaborating with both leasing brokers and property managers to further enhance the services provided to clients through market research and information.
“We are thrilled to welcome Joe and Tom to the Colliers team. As accomplished leaders in the investment sales market, their expertise will greatly enhance our client services,” Stephen Shapiro, executive managing director at Colliers and director of Tri-State Operations & Suburban Market Leader, said. “We look forward to their partnership in serving clients across diverse geographies and asset classes.”
Notable transactions closed by Garibaldi and Walsh include: the Gateway Office Portfolio, the largest office transaction in the history of Newark at 1.6 million square feet, which the two sold for $325 million and secured $200 million in financing; The James, a 245-unit Class A luxury apartment project that sold for $130 million; the Ballantine Portfolio, a 1.1 million square foot industrial portfolio that sold for $91 million and Calamar Senior Living portfolio sold to Welltower for $502 million.
