Dallas Office Tower Will Face October Foreclosure Auction
The 2100 Ross office tower faces an upcoming auction after the owner allegedly defaulted on a $98 million loan.
Updated on Sept. 24, 2026 in Commercial
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The 2100 Ross office tower is scheduled for a foreclosure auction on October 6, 2026. This follows an alleged default on a $98 million loan provided by Wells Fargo in 2016 for the 840,000-square-foot property.
Why it matters
The potential sale reflects ongoing pressures in the downtown Dallas office market where high-profile commercial properties are confronting significant debt challenges. Owners may still reach a deal with their lenders before the scheduled auction date to avoid the loss of the asset.
The 2100 Ross office tower, which Thomas Dundon purchased for $131 million in 2015, is now subject to a $98 million defaulted loan. The 840,000-square-foot property is slated for a foreclosure auction after previously selling for $59 million in 2012.
The players
Woods Capital
The current owner of the 2100 Ross office tower that allegedly defaulted on the property loan.
Wells Fargo
A major financial institution that provided the $98 million loan for the office tower.
Thomas Dundon
The investor who purchased the property for $131 million in 2015.
Cousins Property
A commercial real estate company that previously acquired the building out of foreclosure.
The details
The property, constructed in 1982 and renovated in 2014, is currently flagged for auction via Roddy's Foreclosure Listing Service. Financial distress often arises in commercial real estate when property owners cannot refinance debt or manage cash flows effectively against the building's loan obligations. Such situations are distinct from market-wide trends, as outcomes remain subject to last-minute creditor agreements.
Timeline
1982: Tower was constructed.
2012: Cousins Property bought the tower out of foreclosure.
2014: Tower was renovated.
2015: Thomas Dundon purchased the tower.
October 6, 2026: Potential foreclosure sale date.
Money Landscape
This development follows the pattern set by the 2012 foreclosure of the 2100 Ross office tower. The property's return to auction highlights the cyclical nature of high-value commercial real estate assets in downtown Dallas.
Commercial real estate distress can impact local property valuations and municipal tax bases in the downtown area. Residents with an interest in local economic stability may monitor these foreclosure developments through official public filings.
The takeaway
Large commercial office towers often face complex debt restructurings that can significantly change ownership stakes. Keep track of major property auction announcements in your local area to understand shifts in the regional commercial landscape.
What happens next
The property may be sold at auction on October 6, 2026, unless an agreement is reached between the owner and the lender.
Further reading
For broader trends impacting local business properties, visit Dallas Commercial.
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Is the outlook for commercial office property values in your local area getting better or worse?
