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SUMMIT, NJ-Northport Partnership Management LLC has signed a long-term lease for more than 18,100 sf of office space at 25 DeForest Ave. The Downtown property, the former Kemper Insurance building that was recently acquired by Bouras Properties, LLC, totals 130,500 sf on three floors.

Northport Partnership Management is a provider of accounting, tax and investor information management services for firms with employee co-investment plans. The company currently administers portfolios of more than 120 investment vehicles encompassing some 4,000 individual limited partners.

Northport was represented in the transaction by the Garibaldi Group, based in nearby Chatham, NJ. According to Garibaldi partner Peter Blanchard, “this building, located in Downtown Summit, offered all of the amenities and convenience Northport was looking for. We’ve been able to meet their occupancy needs.” Blanchard was assisted in the transaction by Garibaldi VP Joseph McMahon.

The latest transaction follows an earlier deal in which Palisades Safety and Insurance Management signed on for almost 30,000 sf of office space at 25 DeForest Ave. The combined leases bring to nearly 50,000 sf the amount of tenants brought to the property by Garibaldi since Bouras Properties acquired it last year.

Garibaldi, which dates back more than 80 years, provides corporate real estate consulting and brokerage services, as well as project management and development, financial services, investment sales and property management. Besides its Chatham home base, the company has an office in Princeton.

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