Dallas Office Tower Will Face October Foreclosure Auction
Woods Capital faces an upcoming foreclosure auction on the 2100 Ross Avenue office tower following an alleged loan default.
Updated on Sept. 24, 2026 in Commercial
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The 2100 Ross office tower in Dallas is scheduled for a foreclosure auction on October 6, 2026. This action comes after Woods Capital allegedly defaulted on a $98 million loan provided by Wells Fargo.
Why it matters
The potential sale reflects ongoing pressures within the commercial office market as property owners grapple with debt obligations. A deal could still be reached before the October deadline to stop the auction.
The 33-story tower contains 840,000 square feet of office space and was constructed in 1982 with a subsequent renovation in 2014. The property was previously acquired out of foreclosure by Cousins Property in 2012 for $59 million.
The players
Woods Capital
This is a real estate investment firm that currently owns the 2100 Ross office tower.
Wells Fargo
This is a major financial services institution that provided the $98 million loan for the office property.
Thomas Dundon
He is an investor who purchased the office building in 2015 for $131 million.
Cousins Property
This is a real estate investment trust that previously acquired the tower out of foreclosure in 2012.
The details
Roddy's Foreclosure Listing Service flagged the 2100 Ross Avenue property for the upcoming auction. The tower is a prominent fixture in the Dallas Arts District, having transitioned through multiple ownership changes over the last decade.
Timeline
1982: The office tower was originally constructed.
2012: Cousins Property purchased the building out of foreclosure.
2014: The tower underwent a major renovation.
2015: Investor Thomas Dundon purchased the property for $131 million.
October 6, 2026: The scheduled date for the potential foreclosure sale.
Culture Shift
The pending 2026 auction mirrors the 2012 foreclosure of 2100 Ross Avenue, suggesting a cyclical nature to the property's financial challenges. This event highlights the volatility of high-profile commercial assets as ownership groups face shifting debt landscapes in Dallas.
The foreclosure process may create uncertainty for current tenants operating within the 840,000-square-foot facility. While the building remains open, businesses located in the tower should monitor the auction status for potential shifts in management or lease conditions.
The takeaway
Commercial property owners often face high-stakes deadlines when debt obligations exceed current market valuations. Tenants in large office buildings should stay informed regarding the financial stability of their property management to anticipate potential service or ownership changes.
Further reading
For more information on the regional property market, visit Dallas Commercial.
Source note: This article includes information reported by The Real Deal New York.
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