Wells Fargo Moves Toward Foreclosure on Woods Capital's 2100 Ross Avenue Dallas Office Tower
A partnership affiliated with Woods Capital and Pacific Elm Properties is facing a foreclosure auction, scheduled for October 6, 2026, on 2100 Ross Avenue, a 33-story, 840,000-square-foot downtown Dallas office tower, after defaulting on a Wells Fargo-originated loan that Fitch Ratings classified as a nonperforming matured balloon loan. A Dallas County court has already appointed Trigild IVL as receiver to manage the property, which was roughly 53% occupied after anchor tenant CBRE relocated to Uptown Dallas.
Why it matters
The case is a further data point in the office-sector debt overhang working through Dallas's CBD, where aging towers that have lost anchor tenants to newer Uptown product are increasingly unable to refinance maturing loans on their original terms, pushing lenders toward receivership and foreclosure rather than further extensions.
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