"This expansion in New Jersey, one of the most desirable regions in the country, will help further our mission as a one-stop capital market intermediary," John Pelusi, HFF executive managing director and managing member tells GlobeSt.com. "HFF entered the New Jersey market in 1998 and has become a top debt and joint venture equity firm in this market," adds senior managing director Jon Mikula. "The addition of investment sales will allow us to offer a full spectrum of capital markets execution. We feel Joe and Pete will be a tremendous asset both locally and nationally."

Garibaldi and Nicoletti co-founded Garibaldi Partners less than two years ago, and its investment sales group has completed more than $200 million in transactions. Previously, Nicoletti was managing director and head of capital markets for the Garibaldi Group, a separate firm, in Chatham, NJ. And before that he was senior vice president at Rockwood Realty Associates.

Garibaldi was formerly a senior vice president, also with the Garibaldi Group. Since 1991, he has participated in more than $1 billion of capital markets transactions.