ORANGE, CALIF. — NKF Capital Markets has arranged the sale of City Tower, a 20-story office tower located at 333 City Boulevard West in Orange. KSB Capital Advisors purchased the property from Torchlight Investors for $147.2 million. Built in 1988, the building features 435,177 square feet of Class A office space. Situated on 4.9 acres, the building also offers an on-site cafe and an adjacent, six-level parking structure. The property recently underwent a $3 million renovation that included upgrading the lobby, corridors, restrooms and elevator cab interiors. At the time of sale, the property was 78 percent leased to a roster of tenants including UC Irvine Medical Center, Enterprise Rent-A-Car, Travelers Insurance and York Risk Services Group. Kevin Shannon, Paul Jones, Sean Fulp and Blake Bokosky of NKF Capital Markets represented the seller. The buyer was self-represented in the transaction.