Qdoba, an artisanal Mexican restaurant, will open its first store in mid-July. Located at the northwest corner of Great Hills Trail and Highway 183, Great Hills Market is a 154,000-square-foot shopping center that houses tenants including: Petco, T.J. Maxx, Macaroni Grill, Pier 1 Imports, La Madeleine and others.
"We think that the Great Hills Market is a great area that caters to our typical guest – an area that offers a variety of businesses, things to do and places to see," Otten says. "There is always something going on around Great Hills, and we are looking forward to being a part of that action."
Otten tells GlobeSt. that Qdoba's experience building restaurants in different footprints allows Q-Up Texas to evaluate a wide variety of retail spaces. "As far as location goes, ideally we look for high traffic areas with a variety of nearby businesses and neighborhoods," she adds.
Qdoba's local area developer, Glenn Levine, has substantial franchise experience; previously he worked with franchises including Subway, Arby's, and Domino's. Andrew Scroggie and Adam Zimel with The Weitzman Group's Commercial Retail Division served as exclusive leasing agents for Great Hills Market. SCC Interests represented Q-Up Texas.
Zimel tells GlobeSt. the Qdoba lease brings the 1990s-era center to 96% occupancy. The center has an asking rental rate of $28 to 30 per square foot, triple net. "Great Hills Market has strong existing sales along with a daytime population and evening density that combines with the regional shopping nature of the Arboretum," he notes.
Heitman serves as Great Hills Market's asset manager, while Cencor Realty Services handles the property management, and The Weitzman Group oversees leasing.
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