Corsair Property Company Acquires Paris Towne Center in Texas

Corsair Property Company has acquired Paris Towne Center, a 291,958-square-foot grocery-anchored retail center in Paris, Texas. According to ConnectCRE, the seller was Culpetter Realty.

The shopping center is located at the intersection of SE Loop 286 and US Highway 82. ConnectCRE reported that the property was originally built in 1976 and features renovated storefronts. The center is also 96% occupied, according to the source.

Key Details

• Buyer: Corsair Property Company
• Seller: Culpetter Realty
• Property: Paris Towne Center, a grocery-anchored retail center totaling 291,958 square feet
• Location: Intersection of SE Loop 286 and US Highway 82 in Paris, Texas
• Condition/Status: Originally built in 1976, with renovated storefronts and 96% occupancy
• Financial terms: Not disclosed in the source
• Timeline: Sale reported by the source; no closing date was provided

Why It Matters

Grocery-anchored retail centers often draw attention from investors because they can offer steady traffic and a diversified tenant mix. For CRE professionals, this transaction highlights continued interest in well-leased neighborhood retail assets with visible highway access and updated storefronts.