The trophy property, at 255 S. Orange Ave., is considered one of Downtown's premier business addresses, mainly because of the 2,500-business-member private Citrus Club on the penthouse level. The purchase was Parkway's first in Orlando.

Orange County real estate records show Tricony bought the building in 1997 from Chicago entrepreneur Sam Zell's First Capital Financial Corp. for $28.5 million, or $110.32 per sf. Citrus Center has had several name changes over the years. Those include Firststate Tower, Republic Bank Building and the CNA Tower. When it was built in 1971, the building was the tallest in Orlando.

The last Downtown office building sale was closed Nov. 8, 2002 when New York mets owner Fred Wilpon's Sterling American Property IV LP and Miami-based Continental Real estate Cos. joint ventured to buy Wachovia Bank Tower, formerly First Union Tower, from Orange Avenue Corp., a European institutional owner. The $30 million, all-cash deal equates to $97.47 per sf for the 19-year-old, 307,780-sf, 92%-leased property at 20 N. Orange Ave.