ML Real Estate Inc. buys Kennedy Walker Design building

BUYER: 1810 Kennedy LLC, Tampa

SELLER: Walker Design Group Inc.

PROPERTY: 1810 W. Kennedy Blvd., Tampa

PRICE: $1.8 million

PREVIOUS PRICE: $1 million, March 2006

LAW FIRM ON DEED: Busch Ross PA, Tampa

PLANS, DESCRIPTION: An affiliate of Brandon-based ML Real Estate Inc. purchased the 8,400-square-foot Walker Brands office building for $1.8 million.

The price equated to $214 per square foot.

Constructed in 2008, the building was the first LEED Gold Certified building in Tampa. The facility features pine floors dredged from the bottom of the Suwannee River and a floor to ceiling double-pane glass facade.

John DeLaVergne of DeLaVergne & Co. represented the seller.

“The building offers operating costs that are substantially lower than a normal office building,” DeLaVergne says.

A legal filing suggests that the seller, Walker Design Group, plans to continue to lease space in the building.

The purchase entity 1810 Kennedy LLC mortgaged the property to Homebanc for $1 million.