PARAMUS, NJ-Mitchell Gold + Bob Williams, an upscale home furnishings retailer, signed a long-term, 11,233-square-foot lease at the newly redeveloped Equinox Plaza shopping center on Route 17 here.

Dean Tselepis and Jerry Putterman of Newmark Grubb Knight Frank represented the plaza's ownership, Laganella Property Management, in the transaction. Jeremy Ezra of RKF represented MG+BW.

The shopping plaza at 776 Route 17 North is situated along the highest-traffic retail corridor in the state.

“The Paramus market has one of the largest concentrations of shopping centers and enclosed malls in the U.S.,” said Tselepis. “It is a true retail destination area.”

“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.

Instant Insights /

Redone Equinox Plaza Attracts Furniture Shop

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