"With an assessed value of $26.1 million in 2025, the former Kohl's at 43782 Christy St. was bought for just under $18.3 million in an all-cash deal, according to documents filed on Dec. 10 with the Alameda County Recorder's Office. Kohl's closed the 98,000-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 government. 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."
An East Coast-linked entity purchased the shuttered 98,000-square-foot Kohl's at 43782 Christy St. in Fremont for just under $18.3 million in an all-cash transaction. The property had a 2025 assessed value of $26.1 million. Kohl's closed the store permanently in April and also closed locations in Mountain View, Napa, Pleasanton, and San Rafael. Lockehouse represented the seller, an affiliate of Heitman Capital Management. The purchasing entity lists Il Yeon Kwon as its organizing member; Kwon is named chief executive officer of H Mart. One listed address for the buyer is the Vornado Realty Trust headquarters. H Mart opened a San Jose store in 2017.
Read at www.mercurynews.com
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