Press Release

Popular Taiwanese Bakery Signs Lease for First Austin Locations

11 6月 2018

The Crescent 85C Bakery Location

The popular Taiwanese chain 85°C Bakery Café has signed its first Austin leases for two new locations, one in the Highland area off of Airport Blvd and the second on Lakeline Blvd. CBRE’s Bryan McMurrey arranged the lease at The Crescent on Airport Blvd on behalf of the landlord. 85°C expects to open doors at this location later this month, with a soft opening scheduled for June 25.

Bryan McMurrey, with CBRE’s Austin office, represented the landlord. John Nguyen with Newquest represented the tenant.

The Crescent North Lamar is a grocery anchored shopping center at the corner of Airport Boulevard and North Lamar Boulevard. Formerly known as Highland Village, The Crescent has been rebranded, remodeled, and re-tenanted with a focus on serving the diverse Austin community with new and exciting retailers.

“85°C chose The Crescent as the space for one of their first Austin locations due to the quality and vibrancy of the area. 85°C is also excited to be neighbors with well-known Asian market, 99 Ranch Market,” says Nguyen.

According to McMurrey, “The Crescent is a great location for one of 85°C’s first Austin locations. They will have strong foot traffic with neighbors like 99 Ranch Market, Kinokuniya Book Store, and Kura Revolving Sushi Bar. In addition, the Highland area of Austin is going through a big evolution right now. 85°C is breaking into this submarket at a great time.”

“We are excited to bring some of the globe’s most beloved brands to Austin,” says Dean Davidov, owner of The Crescent.  “Along with Kura Sushi and Kinokuniya Books, 85°C is the third international retailer to make its Austin debut at The Crescent.”

Founded first in Taipei, Taiwan in 2003, with its first American location opening just 10 years ago in Irvine, California, 85°C is known particularly for its iced sea salt coffees and teas, alongside a delicious soft brioche or sweet and savory bread.

 
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.