By BARRY LANK
Echo Park — Out of the Closet is out of here.
The charity thrift store known for its shocking pink exterior and eye-catching window displays along Echo Park’s busiest retail corridor has received a 60-day notice to vacate the premises at the corner of Sunset Boulevard and Lemoyne Street, according to Ged Kenslea, spokesman for AIDS Healthcare Foundation, the entity that owns Out of the Closet. That means the store has to be out by Aug. 1
Kenslea said AIDS Healthcare Foundation and the landlord had been unable to reach agreeable terms on the rent. There is no word yet on who will be leasing the space, or what will be replacing the large storefront.
The Eastsider contacted a spokeswoman for broker CBRE Southern California, which had been representing the property for lease, for more information.
The property was first listed for lease on Loopnet last November. Retail space along Sunset in Echo Park tends to lease for at least $3 per square-foot on a monthly basis, according to real estate brokers who spoke to the Eastsider at that time.
Brokers also said this was a particular large property for the neighborhood, with 5,750 square-feet of ground floor retail space, plus 5,500 square-feet in the basement and a 400 square-foot mezzanine, according to the listing. The most recent marketing information said the landlord was asking $2.66 a square-foot on a monthly basis. That works out to about $30,000 a month in rent if the entire building was leased out at that rate.
Out Of The Closet sells everything from rugs to books to clothing to consumer electronics, with some stores also offering free rapid STD and HIV testing. The company advertises that every 96¢ of every dollar spent at the stores goes to AIDS Healthcare Foundation’s HIV/AIDS programs.
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