AUSTIN, Texas – November 16, 2016 – Austin-based Hops & Grain Brewing is expanding outside of Austin to San Marcos, Texas. The five-year-old brewery has signed a 10,796-square-foot lease at Crossroads Center (110 East MLK Drive) to house a second production facility and tasting room.
Bryan McMurrey and Sergio Negrete of CBRE represented the landlord, MLKSM, LLC. Lance Tindall of Tribeca Company represented Hops & Grain Brewing.
In August, Hops & Grain became the first small business to raise $1 million with Regulation Crowdfunding (Title 3 Equity crowdfunding). The brewery raised the money in 68 days to fund the expansion.
“Our goal is to start brewing test batches on our new system in San Marcos by July 2017 and if all goes well, release our first beer from the new facility in October 2017,” said Josh Hare, Founder of Hops & Grain. “With our new state of the art facility and large, on-site tasting room with outdoor beer garden, we look forward to opening our doors to San Marcos next year.”
Crossroads Center is an office and retail mixed-use redevelopment of a former big box grocery located minutes from Texas State University.
Bryan McMurrey, Vice President, CBRE said, ”From the beginning of this leasing assignment, our shared vision with real estate developer Mark Shields was to create a unique San Marcos shopping center that incorporated successful Central Texas concepts. The 150-foot bay depths and tall ceiling heights, originally built for a grocery, are challenging for many traditional retailers, but are the perfect solution for a brewery.”
“The loading docks are already in place, the ceiling heights can accommodate Hops & Grain’s brewing equipment and the taproom is a perfect draw for the rest of the center. We couldn’t be happier to welcome a best-in-class, sustainable Texas microbrewery to our center in San Marcos,” added landlord Mark Shields.
Hops & Grain is working with the same team of designers that worked on the Austin taproom. The team includes Phillip Edgerton of Edgework Designs for metal work, Austin Evers of Woodwork at 17 for wood elements, and Lilianne Steckler Interior Design.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated 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.
