An affiliate of Maitland-based ViaAir LLCpaid $1 million on Feb. 9 to buy the two-story, 12,237-square-foot office building at 111 S. Maitland Ave., which neighbors the Asbury United Methodist Church of Maitland.
The 42-year-old property will now be the focus of extensive renovations and serve as a headquarters hub for various affiliate companies owned by the Vizer family, and managed by Irit Vizer, president and COO of ViaAir. The building was formerly owned and occupied by partners of Maitland law firm Langston Hess Bolton Znosko & Helm PA.
"We're familiar with Maitland and love the area this building is in, with a good position on (S. Maitland Avenue)," Vizer said. "We think the location is great in Maitland's growing downtown area."
The property lies one block west of the new Maitland City Centre mixed-use development, and about four blocks south of SunRail's Maitland station.
ViaAir has been headquartered directly south of the newly-acquired property for the past two years at 218 Jackson St., a 7,766-square-foot building the company acquired in March 2014 for $840,000, along with a non-contiguous parcel of 0.15 acres on the same street.
After renovating the formerly abandoned building on Jackson Street, Vizer said the company will maintain its office there, which they've branded with the ViaAir sign. They will begin to occupy space in the newly acquired building through staff expansion.
The new property was at about 50 percent occupancy at time of purchase.
Built in 1973, the building at 111 S. Maitland Ave. is "in need of some love both inside and outside," Vizer said. Exterior landscaping work will begin in the next few days, and general contractor bids for extensive interior renovation work are still being collected by Vizer.
With the office properties acquired via real estate investment affiliate Twochi LLC, Vizer is working to consolidate multiple companies her family owns under one roof in Maitland.
Vizer also plans to relocate to the new Maitland office her Winter Park-based affiliate SimiGon, Inc., a training and simulation software company. After the move for SimiGon is complete, Vizer will have relocated more than 100 permanent jobs into Maitland over the past year and a half, through her companies operating out of the office buildings.