After announcing the closure of its Lewisville store at Music City Mall, Sears wasted no time in selling the building. The two-story, 144,568 square-foot building was sold to San Diego-based Korean grocer Zion Market on July 30.
Sears has remained open in the space, with an ongoing inventory clearance sale, but will be closing its doors for good Sunday, Sept. 2.
According to Denton County property records, the building was technically bought by 2401 South Stemmons, LLC. That company’s address is the same as Zion’s supermarket in San Diego. Its managing member, Kyu M. Hwang is the president of Zion Market.
A sale price was not disclosed, but the property is listed on Denton County tax rolls at $6.5 million.
Zion Market lists five locations in Southern California and one in Duluth, Georgia.
The stores carry a regular assortment of produce, meats and grocery staples as well as Asian specialties. A Lewisville location for Zion would compete with Korean grocery, H-Mart, less than five miles away in Carrollton with many of the same amenities.
That’s not the only competition. In July, developers broke ground on a new Korean shopping center Lotte Plaza, in Carrollton at Hebron Parkway and Sam Rayburn Tollway. That shopping center is expected to open August of 2019, according to Asia in Dallas blog.
According to Asia in Dallas, citing Korean language website Dallas 4989, Zion’s Lewisville store would open in the second half of 2019, and would have the grocer on the first floor with food courts, and the upstairs containing other retail and dining options.
Zion owner Kyu Hwang confirmed his company’s purchase of the building in an email Wednesday, but declined to share any definitive plans for the space, other than to confirm that Zion Market will be there as an anchor.
The Lewisville Texan Journal will update this story as we learn more about the plans.