Piers in Port Richey sold for $9.4M

PORT RICHEY — Lawrence, N.Y.-based Bluejay Management LLC purchased the 91,000-square-foot The Piers in Port Richey for $9.4 million.

The price equated to $103 per square foot. That figure is less than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.

The seller, Deerfield Beach-based Konover South LLC, purchased the property, as an empty 100,000-square-foot retail big box in 2012 for $2.07 million. It redeveloped the building creating two large spaces that were leased out soon after for a 65,000-square-foot Burlington Coat Factory and a 26,000-square-foot H.h.gregg.