YOUNGSTOWN — The First National Bank building, the tallest structure in the city, was sold for $1,140,000 to a Nevada company.

The Thursday sale of the downtown building at 1 W. Federal St. didn’t come as a surprise as Dominic Marchionda, whose NYO Property Group managed the building, said last month that he was finalizing a deal.

Big Blue Properties LLC Series XXI of Henderson, Nev., purchased the building from Youngstown First National Holdings LLC of New York City. Attempts Friday to contact Big Blue officials were unsuccessful.

It’s the first property purchased by the Nevada company in Mahoning County, according to data on the county auditor’s website.

Marchionda said last month: “For everything, there is a sale and a buy price. If there’s an opportunity, it’s something I’m going to pursue. There’s a lot of buyers out there looking for properties.”

The building’s main tenants are the Youngstown Warren Regional Chamber, which has occupied the 15th and 16th floor for the past 12 years, and First National Bank on the ground floor.

The lease with the chamber expired last year and the organization is on a month-to-month agreement, said Thomas Humphries, its transitional CEO.

“We’ve been working with the previous owners on a long-term renewal,” he said. “Those discussions have now transferred to the new owner. We’ll continue those discussions next week.”

The chamber is considering five sites, all in downtown Youngstown, for its headquarters, Humphries said.

“I believe last year there was a lease on the table, but because of some of the challenges with the owner,” a deal wasn’t made, he said.

Humphries was referring to the Aug. 30, 2018, indictment of Marchionda and 10 of his affiliated companies — along with former Youngstown Mayor Charles Sammarone and ex-city Finance Director David Bozanich — on various charges including engaging in a pattern of corrupt activity, bribery, aggravated theft and receiving stolen property. They’ve all pleaded not guilty.

The chamber would need to give 30 days’ notice before it left FNB building. But Humphries said, “I’m sure it would be longer than 30 days out of courtesy and because of the complexity of a move.”

The current value of the FNB building is $1,206,890, according to the auditor’s website.

Formerly known as the Metropolitan Savings and Loan Building, FNB is a 17-story, 229-foot-tall building constructed in 1929.

It was purchased Nov. 21, 2012, by Youngstown Acquisition Holdings LLC for $200,000 with the company changing its name to Youngstown First National Holdings LLC about nine months later.

Since July 2018, four downtown buildings managed by the NYO Property Group have been sold.

An NYO-affiliated company sold the Legal Arts Building, 101 Market St., last month for $400,000.

Also sold were Realty Tower Apartments at 47 Central Square for $2 million, the former Harshman Building at 103 S. Champion St. for $675,000, and the former St. Vincent De Paul thrift store building at the corner of Rayen and Wick avenues for $512,000.

NYO-affiliated companies currently manage the Flats at Wick, Erie Terminal Place, Wick Tower and the DoubleTree by Hilton hotel downtown.

All are for sale except the hotel.

Youngstown State University’s board of trustees in September authorized the university to negotiate a purchase agreement for the Flats, a student housing complex. The Flats, near the YSU campus, was listed for sale for $8.5 million.

Marchionda is accused in the indictment of improperly spending at least $600,000 from city funds on personal items and of misusing an undetermined amount of money obtained from state and federal governments on the Flats at Wick, Erie Terminal and Wick Towers projects.