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ORLANDO-Although it will be losing an 86,000-sf, 34-year-old tenant in the Akerman Senterfitt law firm at year end, Citrus Center owner Jackson, MS-based Parkway Properties Inc. is moving quickly to recover from the space loss.

Parkway has signed locally based TLC Engineering for Architecture Inc. to a 10-year, 45,825-sf lease aggregately valued at $10 million, Downtown office brokers familiar with the transaction tell GlobeSt.com. Akerman Senterfitt will be relocating to the top four floors of the 12-story, 275,000-sf, $41-million CNL Center II, about 200 yards from its former quarters, as GlobeSt.com previously reported.

The TLC deal brings the occupancy level at the 18-story, 258,321-sf Citrus Center to about 98.6% occupancy. Akerman Senterfitt was the building’s anchor tenant when it opened in 1971 under the name of CNA Tower for its owner, CNA Insurance Co. of Chicago. TLC officials say the reason for the relocation to Citrus Center is that they outgrew the firm’s 25-year-old space at 1717 S. Orange Ave., near Orlando Regional Medical Center.

Parkway Properties bought Citrus Center in December 2003 from privately held Tricony Florida Corp. of Palm Beach for $32 million or $123.87 per sf, as GlobeSt.com previously reported. The transaction at that time was the largest office investment sale deal in the previous two years.

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.

NAI Realvest negotiated the lease for TLC Engineering. Advantis/GVA represented Parkway Properties.

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