The two-story facility, which is located at 1004 Taft Ave., hasserved as the tenant's corporate headquarters since 1996. Built in1979, it is a mirrored glass and stucco structure. The facility isentirely occupied by the tenant, SMS Settlement Services, which isa wholly owned subsidiary of Santa Ana-based First AmericanFinancial Corp. SMS provides software systems to the title andescrow industries. In addition, the company offers professionalservices to homeowners' associations and property managementcompanies.

SMS was represented by Larry Agajanian of Cushman &Wakefield's Long Beach office. Agajanian also represented thelandlord, Taft Ave. LLC, which counts local property owner andbusinessman Bruce Gelker as a managing partner.

The deal follows another office transaction in Orange, in whichthe Abbey Co. purchased a 29,987-sf office building for $3.2million. The facility, which is located at 1337 Braden Court, was100% leased at the time of sale. The seller was BHH PropertiesLLC.

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