Corsair Property Company Acquires 291,958 Square Foot Retail Center In Paris Texas From Culpetter Realty
3530 Lamar Avenue
Building Size
291,958 SF
Asset Type
Retail
Closing
Jun 24, 2026
About this deal
AI
The property involved in the transaction is Paris Towne Center, a retail asset located at 3530 Lamar Avenue, Paris, TX. The center encompasses a total of 291,958 square feet and is currently 96% occupied. It is grocery-anchored with tenants including Aldi, Hobby Lobby, Ross Dress for Less, TJ Maxx, Five Below, Ulta, and Bath & Body Works, with Aldi being the only location within a 50-mile radius.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3530 Lamar Avenue
- Market: Paris, TX
- Asset Size: 291,958 SF
- Buyer: Corsair Property Company
- Seller: Culpetter Realty
- Brokers: Adam Howells & Erin Lazarus Myer - JLL
Corsair Property Company completed the acquisition of the property from Culpetter Realty in a transaction that was brokered by Adam Howells and Erin Lazarus Myer of JLL. The deal highlights the engagement of JLL in the retail sector and underscores the expertise of its brokerage team.
Players
Lamar Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93