Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN ANTONIO-A-Spire Financial Corp. in Portland, OR has shelled out $11.3 million to buy the 65,821-sf First Park Ten from Dallas-based Champion Partners. A-Spire bought the one-story office building on behalf of Oregon-based tenant-in-common investors and will handle the management activities.

Situated on 5.4 acres at 6660 First Park Ten Blvd., the class A building is 100% leased. LifeMasters Supported SelfCare Inc. occupies 48,000 sf and Advantage Rent-A-Car fills the remainder. “They’re both national credit tenants, which adds to the value of the building,” Jason Larson, A-Spire’s CEO, says about the in-place, long-term leases. Bruce Marshall with Sperry Van Ness’ Dallas office brokered the transaction.

Just two weeks ago, A-Spire paid $9.7 million for a 129,244-sf industrial portfolio in Houston. A-Spire’s Texas portfolio also includes an office building in League City and shopping center in San Pedro.

Larson tells GlobeSt.com that an additional $40 million has been allocated for Texas acquisitions for the remainder of 2006. “We like the economies of scale,” he explains. “We like having multiple properties in the state and we like building relationships with the developers and owners there.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.