By Joshua Burd
A bakery and café concept has retained a New Jersey-based team with CBRE to spearhead its expansion throughout North America.
According to the brokerage team, Paris Baguette 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 the chain, working alongside the firm’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, who is based in East Brunswick. “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, who has already completed flagship leases for Paris Baguette in Florida and Toronto, said the firm is also poised to complete 30 new leases in several other locations in both Canada and the U.S. The CBRE and Paris Baguette team are targeting high-profile locations with roughly 2,000 to 3,200 square feet of available retail space with at least 30 feet of frontage.
Founded in 1988, the international bakery specializes in French-inspired cakes, pastries, sandwiches, salads and signature coffee and tea. It currently has more than 4,000 locations worldwide.