“Laganella is redeveloping this into a first-class shopping center,” added Putterman. “This is a well-respected local developer that has been redeveloping older properties in Paramus and nearby communities.”

He said Laganella has “played an essential part in maintaining Paramus' relevance and premier position.”

The Paramus location will be a MG+BW Flagship Signature Store; it is scheduled to open this fall.

“This lease is consistent with a strong upswing in leasing activity in the area,” said Tselepis. “The older retail product here is good solid property that just needs updating.”

“As more and more major retailers relocate to Paramus, owners like Laganella are stepping up and making our buildings more attractive,” he said. “These up-and-coming retailers bring a new level of excitement with them. It's great.”

The MG+BW collection includes fine upholstered furniture, tables, storage units, rugs, bed linens, lighting, accessories, and wall art. The company also publishes guidebooks on home furnishing, and on furniture as an investment.