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.