Investors buy East Bay Junction center, plan to reposition it around Youfit

BUYER: MBW Investors LLC (managers: Bernard, Herbert and Michael Hutman), Largo
SELLER: CRI Plaza 1 LLC
PROPERTY: 2480 East Bay Drive, Largo
PRICE: $1.8 million
PREVIOUS PRICE: $3.22 million, September 2008
LAW FIRM ON DEED: DLA Piper LLP (US), Tampa

PLANS, DESCRIPTION:
Investors Bernard Hutman of New York City and Herbert and Michael Hutman of Miami Beach purchased the 56,668-square-foot East Bay Junction Shopping Center in Largo for $1.8 million.

The price equated to $32 per square foot. That figure is lower than the two-year average price per square foot for retail space ($138) in the Tampa Bay area, according to the CoStar Group.