Real-estate roundup: The Closet to relocate in former Home Bank building on Garnet
by Tony Franco
Published - 05/23/13 - 01:01 PM | 6465 views | 0 0 comments | 17 17 recommendations | email to a friend | print
The Closet in Pacific Beach will be relocating a few doors down from its current location into the former Home Bank building on Garnet Avenue. Courtesy photo
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The Closet is relocating to 875 Garnet Ave., just a few doors down the street from its current location at 4475 Mission Blvd. Construction at 875 Garnet Ave. has already broken ground and The Closet is anticipating opening its new doors by summer.

The relocation will provide The Closet with more visibility along Garnet Avenue, provide additional parking for its customers, and provide the store with more square feet to grow. The Closet specializes in affordable clothing and accessories for women.

Home Bank of California has been at 875 Garnet Ave. since October 1981 and has relocated to 4493 Ruffin Road. Home Bank’s new location opened for business in March.

The Pacific Beach property recently sold in December 2012 for $4.5 million, all cash. The sale included three separate parcels of land totaling 37,500 square feet of commercial land from Garnet Avenue to Hornblend Street along Bayard Street and included the 7,500 square foot former bank building. The seller was La Jolla Savers & Mortgage Fund and the buyer was IAC Management LLC. Income Property Investors, Inc.

— Tony Franco is a commercial real-estate expert in Pacific Beach. He can be reached at (858) 717-1697.
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