Grocery-Anchored Center in Northeast Changes Hands
Corsair Property Co. acquired the 292,000-square-foot property.
Corsair Property Co. has acquired Paris Towne Center, a 291,958-square-foot, grocery-anchored retail center in Paris, Texas. The seller was Culpepper Realty Co.
JLL arranged the sale. The transaction price was not disclosed.
According to JLL, the shopping center is the most-visited retail destination in a 50-mile radius and draws more than 2.2 million visits annually.
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The center was completed in 1976 and is 96 percent occupied. Its tenant lineup includes Aldi, Hobby Lobby, Ross Dress for Less, TJ Maxx, Five Below, Ulta and Bath & Body Works.
The JLL Capital Markets Investment and Sales Advisory team representing the seller was led by Senior Managing Director Adam Howells and Director Erin Myer.
Paris Towne Center is at the intersection of SE Loop 286 and US Highway 82. Paris itself is the county seat of Lamar County and is about 100 miles northeast of the Dallas–Fort Worth Metroplex.
The Dallas–Fort Worth region’s retail real estate sector is seeing modest but ongoing rent growth of about 2.7 percent, driven by long-term demographic trends and income growth, according to a first-quarter report from Matthews. Retail investment activity was up early this year as sales volume hit about $560 million, sharply up from late 2025.
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