By: Arielle Solheim
This article was published on sdnews.com, click here to view the full article.
A major retail shift is taking place during January along Garnet Avenue in Pacific Beach.
American Apparel filed for bankruptcy, and the space it occupied on the corner of Garnet Avenue and Fanuel Street now sits dark. The neighboring tenant, Sprouts, is planning on expanding its operation into the former American Apparel space; however, amid the bankruptcy and the fact American Apparel is technically a separate property, it will take a few months before the expansion can break ground.
The women’s clothing store Fashion Q also announced it will be closing its doors. The 8,343-square-foot retail space located on the prestigious 900 block of Garnet Avenue is available this month. This is the largest available commercial retail space for rent in Pacific Beach, and The Franco Realty Group has been retained as the exclusive leasing broker for this project. The space can be divided into two spaces.
One of the country’s largest commercial real estate firms, CBRE, was recently replaced by local Franco firm as the exclusive leasing broker for the shopping center, located at 1945-1975 Garnet Ave. The property is tenanted by PB Smiles, AT&T, Pizza Hut, Jersey Mikes Subs and Anderson Medical Center. Currently, there is one 2,670-square-foot retail space available for rent, which includes a rare oversize parking lot onsite.