What Lpm Real Estate does

LPM Real Estate (Laganella Property Management) is a privately held, family-owned commercial real estate firm headquartered in Paramus, New Jersey. Founded in 1946 by Nicholas Laganella Sr. as P.T. & L. Construction — a road construction firm that built major New Jersey highways and Newark Airport terminals — the company was pivoted into commercial real estate in the 1980s under Nicholas Laganella Jr. Its operations now span the full lifecycle of commercial real estate: acquisition, development, leasing, construction, and property management, all concentrated in the New York Tri-State area.

The portfolio centers on premium retail shopping centers, most prominently the Paramus Design Center on the Route 17 corridor, where it leases space to a roster of national home, fitness, and luxury-furnishings brands including Home Depot, Equinox, CB2, Crate & Barrel, Roche Bobois, and Barnes & Noble. LPM has additionally diversified into senior living with the Mill Gardens assisted living facility. The firm operates without disclosed technology platforms, proprietary software, or AI systems, functioning as a traditional hands-on owner-operator with in-house development and management capabilities.

LPM's business model generates revenue primarily through rental income from commercial and senior-living tenants, supplemented by development margins on new construction and property management fees. Its customer base is split between national retail tenants in the home goods, fitness, and luxury furnishings categories, and senior-living residents. The company has remained privately held across multiple generations of family ownership, with no public funding rounds or disclosed financial metrics.

Name

Lpm Real Estate

Legal name

Laganella Property Management

Website

https://lpmrealestate.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

11–50 employees

Short description

LPM Real Estate is a family-owned commercial real estate firm in Paramus, NJ, founded in 1946. It acquires, develops, leases, and manages premium retail and senior living properties in the NY Tri-State area for national retail tenants and senior-living residents.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131)

SIC

Lessors Of Real Property, Nec (6519), Real Estate (6500)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

akta.pro secondary industry

Healthcare & Medical Office Property Management (BPAJAGAF)

Keywords

• Commercial real estate
• Property management
• Retail development
• Real estate leasing
• Assisted living facilities

Headquarters

HQ city

Paramus

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Distribution channels1 record

Marketing channels1 record

Core offering

LPM Real Estate (Laganella Property Management) is a Paramus, NJ-based commercial real estate firm that acquires, develops, leases, constructs, and manages premium retail shopping centers and assisted living facilities across the New York tri-state area. The company's portfolio is anchored by the flagship Paramus Design Center on Route 17 in Paramus, NJ and the Mill Gardens assisted living facility, with additional Class A retail properties leased to national brands such as Home Depot, Barnes & Noble, Equinox, CB2, Crate & Barrel, and KinderCare.

Product overview

LPM Real Estate (Laganella Property Management) is a Paramus-based commercial real estate firm operating as a single unified offering focused on acquisition, development, leasing, construction, and property management. The company specializes in premium retail shopping centers, the flagship Paramus Design Center (PDC) development, and assisted living facilities like Mill Gardens. Their portfolio includes tenant relationships with major retailers such as Home Depot, Barnes & Noble, Equinox, and various luxury home furnishing brands, spanning the New York tri-state area.

Differentiator

Problem solved

Functional benefit

Products and services

• Paramus Design Center (PDC) Paramus Design Center is LPM's flagship premium retail development on Route 17 in Paramus, NJ, anchored by high-end national tenants including Equinox, Roche Bobois, Natuzzi Italia, CB2, The Shade Store, Tempur-Pedic, Room&Board, Artistic Tile, Hacker Kitchens, Gaggenau, Miele, Ornare, Saatva, and Panera Bread. It is positioned as a design and home-furnishings destination for enterprise retail and lifestyle brands.
• Mill Gardens Mill Gardens is an assisted living facility developed and managed by LPM Real Estate as part of its diversified real estate portfolio beyond retail. It represents the firm's vertical extension into specialty healthcare/senior living real estate in the New Jersey market.
• Premium Retail Shopping Centers Class A retail shopping center portfolio managed by LPM across the New York tri-state area, featuring enterprise tenants such as Home Depot, Barnes & Noble, Crate and Barrel, Equinox, CB2, Roche Bobois, Modani, Saatva, Natuzzi, The Shade Store, Tempur-Pedic, Artistic Tile, Panera Bread, Spenga, KinderCare, Midas, and additional national brands.
• Property Management Services Full-service commercial property management capabilities spanning acquisition, development, leasing, construction, and ongoing management of retail and specialty properties in the New York tri-state area. Provided to enterprise tenants and property partners across LPM's portfolio.

Named customers24 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• The Macerich Company: Public REIT focused on regional malls and shopping centers, with a roster of premium retail tenants. While Macerich's mall focus differs from LPM's open-air centers, its tenant relationships with national retailers (Crate & Barrel, etc.) are directly comparable to those LPM has cultivated.
• Simon Property Group: Largest US REIT and operator of retail real estate, including premium shopping destinations. While Simon operates at a vastly different scale and includes enclosed malls, its premium retail tenant relationships and landlord playbook are broadly comparable to LPM's positioning.
• Brookfield Property Partners: Major global commercial real estate owner-operator with significant US retail and mixed-use assets. While Brookfield is far larger and more diversified, its premium retail assets and landlord operations make it a relevant comparable for LPM's positioning in higher-end retail real estate.
• Kimco Realty: Largest publicly traded owner of open-air shopping centers in North America. While far larger and nationally diversified, Kimco's core business of owning, leasing, and managing grocery-anchored and premium retail centers closely mirrors LPM's operations, making it a benchmark for tenant relationships and lease economics.
• Regency Centers: National REIT specializing in grocery-anchored shopping centers with a premium tenant roster. Regency's focus on high-quality open-air retail and long-term tenant relationships aligns with LPM's portfolio approach, though Regency operates nationally rather than regionally.

Direct peers

• Vornado Realty Trust: Major Northeast-focused REIT with significant New Jersey retail and office exposure. While Vornado is far larger and more diversified, its dominant presence in the tri-state retail and office market makes it the most prominent comparable for premium tri-state property ownership.
• Phillips Edison & Company: Public REIT focused on grocery-anchored neighborhood and community shopping centers. Phillips Edison's open-air retail model and tenant-relationship-driven leasing approach are highly comparable to LPM's portfolio strategy.
• Urban Edge Properties: Public shopping center REIT with a portfolio heavily concentrated in the New York-metro area, including New Jersey. Urban Edge owns and operates grocery-anchored and retail shopping centers in similar Northeast submarkets to LPM, making its leasing strategy, tenant mix, and regional dynamics directly comparable.
• Acadia Realty Trust: Public REIT specializing in open-air shopping centers, with significant concentration in the Northeast US and New York tri-state area. Acadia's focus on street retail and necessity-based tenants in the same geography makes it a direct comparable for LPM's premium retail strategy.
• Brixmor Property Group: One of the largest publicly traded owners and operators of open-air shopping centers in the US. Brixmor's portfolio spans similar asset classes (grocery-anchored and lifestyle centers) and its leasing and operational benchmarks serve as a direct comparison for LPM's retail portfolio.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lpm-real-estate

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lpm Real Estate