CBRE said Aug. 9 it was retained as the exclusive agent for Paris Baguette – an international bakery specializing in French-inspired cakes, pastries, sandwiches, salads and signature coffee and tea – 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.
The global bakery retailer will work 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 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 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 square feet 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.