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My Florida Regional MLS, Florida's largest multiple listing service organization, will seek contractors in the coming months to help plan renovations to its recently purchased new building in Altamonte Springs.

The organization paid $4.5 million on July 5 for the former headquarters of the Institute of Internal Auditors, at 247 Maitland Ave.

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The regional Realtor organization plans to use part of the 35,648-square-foot building for its new headquarters. It currently makes its home at 555 Winderley Place in Maitland.

"It's going to serve as our corporate headquarters," said Jay Markell, CFO/COO of My Florida Regional MLS. "We bought it as an investment property, and also to rent out part of it."

Markell said the organization is planning renovations to the building, which was constructed in 2002.

The Institute of Internal Auditors will bring its workforce of 230 members together in Lake Mary, where it is leasing the top two floors of the North Point II office building.

A handful of auditors are still working in the building on Maitland Avenue, however.

"We plan on moving in prior to June (2017), after the renovations get done," said Markell, of My Florida Regional MLS' new home. "We've got renters in there. We have to wait for them to get out before we can get the work done."

Markell said the rental arrangement with the auditors should be finished in the next month or so. Then the MLS group will be hiring a company or companies to handle renovations.

The two-story building sits on a 3.82-acre parcel just south of S.R. 436.

My Florida Regional MLS bills itself as one of the largest multiple listing services in the country, with 14 shareholder/Realtor boards and associations in central and southwest Florida. The associations stretch on the Gulf Coast from Charlotte County in the south north to Pasco County, and across central Florida to Volusia County. Members include the Orlando Regional Realtor Association and the Osceola County Association of Realtors.

Have a tip about Central Florida development? Contact me at msalinero@outlook.com. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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