Shreveport, October 17, 2025
News Summary
The Regions Bank Tower in downtown Shreveport is set to be auctioned at a Sheriff’s Sale after being in receivership for over a year due to financial challenges. The auction will be held soon by the Caddo Parish Sheriff’s Office, and bidders are expected to attend without prior registration. The tower, alongside two Regions buildings and a parking garage, offers substantial office space but has faced utility issues and financial woes in recent years. This sale could attract new ownership and revitalization efforts.
Shreveport – The Regions Bank Tower in downtown Shreveport is scheduled to be sold at a Sheriff’s Sale on Wednesday, Oct. 29, organized by the Caddo Parish Sheriff’s Office. This sale comes after the building has been in receivership for over a year due to ongoing financial issues.
In August 2024, an electricity disconnection notice was issued for the property, which is owned by Hertz Investment Group, by Southwestern Electric Power Company (SWEPCO). However, Hertz Investment Group was able to resolve the issue without any interruption to the service following negotiations with SWEPCO.
Regions Bank clarified that although their name is associated with the tower, they do not own the building and are not responsible for its utility bills or other expenses related to it. Nonetheless, Regions Bank continues to operate normally as one of the tenants in the tower and is actively monitoring the situation regarding the property. A previous Regions Bank branch that operated inside the property was vacated in May 2021, though the bank still retains a lease for the entire third floor, which spans 30,000 square feet, used for various banking services.
The auction will include the two Regions buildings and a parking garage that houses approximately 1,000 spaces. Bidders interested in participating must be present on the day of the auction without any prior registration. The procedure dictates that the winning bidder must pay in full by 2 p.m. on the day of the auction. Failure to do so may result in being barred from future sheriff’s sales for six months. The first bid at the auction must be at least two-thirds of the property’s appraised value, which will be set during the week of the auction.
Currently, the property’s occupancy rate stands at approximately 80%. Potential bidders are advised to verify if there are any delinquent property taxes prior to placing their bids. The property, located at 301 and 333 Texas St. in Shreveport, features a total of 25 floors in the Regions Tower and 16 floors in the Regions Bank Building, which collectively offer around 500,000 square feet of office space.
Background Context
The Regions Tower was originally purchased by Hertz Investment Group in 2007. Over the years, the property has faced various financial troubles leading to its current status. The upcoming sheriff’s sale presents an opportunity for new ownership and possible revitalization of the property.
Key Features of the Auction
| Feature | Details |
|---|---|
| Auction Date | October 29, 2024 |
| Organized By | Caddo Parish Sheriff’s Office |
| Property Ownership | Owned by Hertz Investment Group |
| Utility Management | Regions Bank is not responsible for utility bills |
| Occupancy Rate | Approx. 80% |
| Location | 301 and 333 Texas St., Shreveport |
| Office Space | Approx. 500,000 sq. ft. |
| Parking Spaces | Approx. 1,000 spaces |
FAQ Section
Q: When is the Regions Bank Tower auction scheduled?
A: The auction is scheduled for October 29, 2024.
Q: Who is organizing the auction?
A: The auction is organized by the Caddo Parish Sheriff’s Office.
Q: Why is the Regions Bank Tower being auctioned?
A: The tower has been in receivership for over a year due to financial issues.
Q: What happened with SWEPCO?
A: In August 2024, SWEPCO issued an electricity disconnection notice for the property, which was resolved without interruption to the service.
Q: Does Regions Bank own the tower?
A: No, Regions Bank does not own the building and is not responsible for its utility bills or other expenses.
Q: How many floors does the Regions Tower have?
A: The Regions Tower has a total of 25 floors, and the Regions Bank Building has 16 floors.
Q: What is the current occupancy rate of the property?
A: The current occupancy rate is about 80%.
Deeper Dive: News & Info About This Topic
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Additional Resources
- KSLA News
- Shreveport-Bossier Advocate
- KTBS News
- Shreveport Times
- Wikipedia: Real Estate Auction
- Google Search: Regions Bank Tower Shreveport
- Encyclopedia Britannica: Real Estate
Author: STAFF HERE SHREVEPORT WRITER
The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
