2100 Ross Sells for $52M in Downtown Dallas Foreclosure

The 33-story San Jacinto Tower at 2100 Ross Avenue in downtown Dallas returned to its lender through a $52 million foreclosure sale in October 2026. The 844,000-square-foot Class A tower, also addressed as 2121 San Jacinto Street, stands 456 feet tall and was completed in 1982.

The foreclosure followed a default on a matured loan. The original 2016 Wells Fargo financing totaled $98 million, with $79 million unpaid. The property reverted to investors in the Morgan Stanley Capital I Trust. A Dallas County court appointed Trigild IVL as receiver ahead of the October 6 auction.

A partnership affiliated with Woods Capital and Pacific Elm Properties owned the tower before the foreclosure. Occupancy stood at 53% at the time of sale after losing major tenants including Lockton Cos. The Dallas Central Appraisal District valued the property at more than $99.4 million in 2026.

The building has traded through distress before. Cousins Properties bought it out of foreclosure for $59 million in 2012 and renovated it in 2014. It sold for $131 million in 2015 to a group led by Tom Dundon.