Dallas Office Tower Will Face October Foreclosure Sale
The 2100 Ross office tower in Dallas is slated for a foreclosure auction following an alleged loan default.
Updated on Sept. 24, 2026 in Commercial
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The 840,000-square-foot office tower at 2100 Ross in Dallas is scheduled for a foreclosure auction on October 6, 2026. Woods Capital allegedly defaulted on a $98 million loan provided by Wells Fargo for the 33-story property.
Why it matters
The potential auction of this Arts District landmark highlights ongoing financial pressures within the downtown Dallas commercial office market. Property ownership transitions at this scale can often signal shifts in local building management and long-term tenant stability.
The 33-story office tower at 2100 Ross comprises 840,000 square feet of space. The property was previously purchased for $131 million in 2015, following a 2012 foreclosure sale where the building sold for $59 million.
The players
Woods Capital
The current property owner facing foreclosure proceedings on its office tower asset.
Wells Fargo
The major financial institution that provided the $98 million loan for the building in 2016.
Thomas Dundon
An investor who acquired the 2100 Ross office tower in 2015.
Cousins Property
A real estate investment firm that previously acquired the tower out of foreclosure in 2012.
The details
The tower, originally constructed in 1982 and renovated in 2014, was flagged for auction via Roddy's Foreclosure Listing Service. Financial institutions provided the initial $98 million in financing back in 2016, which is now the subject of the alleged default. The facility remains a significant fixture in the Arts District, competing with other office projects in the broader downtown and Uptown submarkets.
Timeline
1982: Tower was constructed.
2012: Cousins Property bought the tower out of foreclosure.
2014: The building underwent renovations.
2015: Thomas Dundon purchased the property for $131 million.
October 6, 2026: The scheduled date for the potential foreclosure sale.
The Home Front
The potential auction of 2100 Ross mirrors a historical cycle for the property, which previously went through foreclosure in 2012 before its renovation. This recurring pattern underscores the volatility inherent in large-scale downtown office assets.
If you are a tenant in the Arts District or a local business owner, monitor public notices regarding building management changes. You may want to review your current commercial lease agreements for clauses regarding building ownership transfers.
The takeaway
Large commercial office towers can face significant financial shifts due to debt obligations and market competition. For those tracking local real estate, pay attention to building ownership updates and management transition notices leading up to the October 6 deadline.
What happens next
The property owner has until October 6, 2026, to reach a potential settlement or agreement with the lender to avoid the scheduled foreclosure auction.
Further reading
For more information on market trends affecting local business districts, visit Commercial.
Source note: This article includes information reported by The Real Deal New York.
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