Bluejay Management buys Piers in Port Richey

BUYER: Port Richey Partners LLC (principal: Yerachmeal Jacobson), Lawrence, N.Y.
SELLER: KSH Argate Port Richey LLC
PROPERTY: 6401 and 6411 Tacoma Drive and 9661 U.S. 19, Port Richey
PRICE: $9.4 million
PREVIOUS PRICE: $2.07 million, May 2012

PLANS, DESCRIPTION: 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.