Shreveport, LA, October 19, 2025
News Summary
The Regions Bank Tower in downtown Shreveport is scheduled for sale at the Caddo Parish Sheriff’s Sale due to unresolved utility debts exceeding $420,000. Originally acquired by Hertz Investment Group in 2007, the 25-story tower remains an important downtown fixture with an 80% occupancy rate. Local businesses and residents are keenly interested in the sale’s implications for future development in the area. Bidders must attend the auction in person and fulfill payment obligations on the same day.
Shreveport – The Regions Bank Tower in downtown Shreveport is set to be sold at the Caddo Parish Sheriff’s Sale on Wednesday, October 29. The sale comes after the building, along with its parking garage, was placed in receivership due to unpaid utility bills, raising concerns about its financial state.
In August 2024, the Southwestern Electric Power Company (SWEPCO) issued a disconnection notice on the building, which indicated complications with the account held by the property owner, Hertz Investment Group. Although Hertz Investment Group resolved the issues with SWEPCO before power was cut off, they reportedly owed over $420,000 at the time.
Despite having the bank’s name attached to the tower, Regions Bank clarified that they do not actually own the facility and are not liable for the building’s expenses or utility bills. Regions Bank confirmed that they continue to lease the entire third floor of the Regions Tower and have no plans to move out of downtown Shreveport, emphasizing their commitment to the Shreveport community and serving their clients amid the sale’s uncertainty.
The complex comprises the 25-story Regions Tower and the 16-story Regions Bank Building, which collectively offer about 500,000 square feet of office space. Currently, the occupancy rate for this property stands at about 80%.
The upcoming sheriff’s auction on October 29 will require bidders to attend in person, and payments must be made in full by 2 p.m. on the same day. Importantly, the opening bid cannot be less than two-thirds of the property’s appraised value, which will be determined the week of the auction. Should a winning bidder fail to fulfill their payment, they will be barred from future sheriff’s sales for a period of six months.
The property was originally acquired by Hertz Investment Group in 2007. It should be noted that Plaza Investments II Holdings LLC is named as the defendant in the sheriff sale suit associated with this property, which adds a layer of complexity to the situation.
Regional Significance
The anticipated sale has prompted interest from local businesses and residents alike. As an integral part of the downtown Shreveport landscape, the Regions Bank Tower has been a focal point for economic activity in the area. The outcome of this sheriff’s sale may have significant implications for the future development of the downtown district.
What to Expect
As the auction date approaches, potential bidders and the community will be monitoring to see what the future holds for the Regions Bank Tower. The situation remains fluid, but the announcement of the upcoming sheriff’s sale has sparked discussions about the property’s viability and relevance to local businesses.
Key Details
| Feature | Details |
|---|---|
| Building Name | Regions Bank Tower |
| Location | Downtown Shreveport |
| Sheriff’s Sale Date | October 29 |
| Current Owner | Hertz Investment Group |
| Utility Debt | $420,000 |
| Occupancy Rate | 80% |
| Payment Deadline for Bidders | 2 p.m. on auction day |
| Appraised Value | To be determined the week of auction |
FAQ
Main FAQ
When is the Regions Bank Tower scheduled for the sheriff’s sale?
The Regions Bank Tower is scheduled to be sold at the Caddo Parish Sheriff’s Sale on Wednesday, October 29.
What is the utility debt for the Regions Bank Tower?
The total owed for utility bills was reported to be over $420,000.
What is the current occupancy rate of the Regions Bank Tower?
The complex has an occupancy rate of approximately 80%.
Who is the current property owner?
The property was originally purchased by Hertz Investment Group in 2007.
Deeper Dive: News & Info About This Topic
HERE Resources
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Regions Bank Tower Auction Set for Downtown Shreveport
Regions Bank Tower Complex in Shreveport Set for Auction
Regions Tower and Building Auction Set in Shreveport
Regions Tower in Shreveport Placed Under Receivership
Regions Tower in Financial Crisis Amid Lawsuit and Auction
Additional Resources
- KSLA News
- Wikipedia: Real Estate Auction
- Shreveport-Bossier Advocate
- Google Search: Regions Bank Tower Shreveport
- KTBS News
- Google Scholar: Regions Bank Tower Shreveport
- Shreveport Times
- Encyclopedia Britannica: Sheriffs Sale
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.
