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Paris Baguette taps CBRE for US rollout
Paris
Baguette, an international bakery specializing in French-inspired cakes and
signature coffee and tea, has retained CBRE as its exclusive agent to create
and execute an expansion program throughout the U.S. and Canada.
The
company is looking to open 30 new locations in 20 key markets throughout 2021
and attempting to grow to 1,000 new locations in the next 10 years.
CBRE’s
Joseph AmecAngelo will serve as the master broker and oversee the targeted leasing
campaign on behalf of Paris Baguette. Additionally, the global bakery retailer
will be working with CBRE’s Kelly Evans, Ryan Noble and Brad Sanders on
technology and management.
“We
will apply our expertise and vast market knowledge to assist Paris Baguette in
its efforts to expand its presence and enhance its position as one of the most
recognizable bakery and cafe shops in the market,” said Mr. AmecAngelo. “CBRE
will work closely with the Paris Baguette real estate team to strategically
grow the company’s store base in highly defined and targeted areas in all major
U.S. and Canadian cities.
AmecAngelo
has already completed flagship leases for Paris Baguette in Florida and
Toronto, Canada. The firm is also poised to complete 30 new leases in several
other locations in both Canada and the U.S.
CBRE
and Paris Baguette executives are targeting high-profile locations with
approximately 2,000 to 3,200 s/f of prime retail space with a minimum 30-feet
of frontage.
Paris
Baguette was officially founded in 1988. The French-inspired bakery and cafe
currently has more than 4,000 locations worldwide, with a best-in-class
operating platform and products.
The post Paris Baguette taps CBRE for US rollout appeared first on Real Estate Weekly.