Premier Northeast Texas shopping destination changes hands

DALLAS, June 24, 2026 –  JLL Capital Markets announced today that it has arranged the sale of Paris Towne Center, a premier 291,958-square-foot, grocery-anchored retail center located in Paris, Texas.

JLL represented the seller, Culpepper Realty Co. The buyer was Corsair Property Company.

Paris Towne Center is strategically positioned at the intersection of SE Loop 286 and US Highway 82, commanding a prominent location along Paris' premier retail corridor. The shopping center is the most visited retail destination in a 50-mile radius, drawing more than 2.2 million annual visits. This prime location provides excellent accessibility and visibility, with the property fronting Loop 286, which sees 19,158 vehicles per day, and Highway 82, which carries 16,371 vehicles per day.

Paris, the county seat of Lamar County, serves as a vital regional hub in Northeast Texas. The city provides exceptional connectivity to major metropolitan markets, including the Dallas-Fort Worth metroplex, located approximately 104 miles to the south. The local market capitalizes on Paris' established reputation as a regional shopping destination, attracting consumers from surrounding rural communities throughout Lamar County and neighboring areas.

The shopping center was originally built in 1976 and features renovated storefronts. Paris Towne Center is 96% occupied and features an impressive national tenant lineup including Aldi, Hobby Lobby, Ross Dress for Less, TJ Maxx, Five Below, Ulta and Bath & Body Works. The property is the only Aldi grocery store location within a 50-mile radius, serving as a key traffic driver for the center.

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Director Adam Howells and Director Erin Myer.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Culpepper Realty Co. is a family-owned Texas real estate firm with a portfolio focused on commercial real estate and student housing. The company is known for its long-term investment approach and client relationships built on steady judgment and operational expertise.

Corsair Property Company is a privately owned commercial real estate investment firm based in Dallas. Founded in 2018, the company acquires and operates cash-flowing commercial real estate assets in Texas. Corsair has purchased approximately 1,300,000 square feet of commercial property valued at more than $250 million.