Group with ties to H Mart buys site of shuttered Kohl’s store in Fremont

FREMONT The site of a shuttered Kohl s department store in Fremont has been bought by an East Coast group with ties to an H Mart executive and real estate firm With an assessed value of million in the former Kohl s at Christy St was bought for just under million in an all-cash deal according to documents filed on Dec with the Alameda County Recorder s Office Kohl s closed the -square-foot store permanently in April Along with several stores in California Kohl s also decided to close locations in Mountain View Napa Pleasanton and San Rafael Lockehouse a commercial real estate firm represented the seller an affiliate of Chicago-based Heitman Capital Management The entity that purchased the property lists Il Yeon Kwon as its organizing member according to documents posted by the state authorities He is also named as the chief executive officer of H Mart which operates a chain of upscale Korean grocery stores In addition one of the addresses for the affiliate that bought the property is the headquarters of Vornado Realty Trust state business records show This news organization sought a comment or context from H Mart In it opened a San Jose store that at the time was the supermarket chain s first retail establishment in Northern California