Regions Bank Tower Complex in Shreveport Set for Auction

Shreveport, October 15, 2025

News Summary

The Regions Bank Tower complex, including the historic Regions Building in downtown Shreveport, will be auctioned on October 29, 2024. The property has faced financial troubles, accruing over $420,000 in unpaid utility bills, which led to disconnection notices and a legal lawsuit. Stakeholders are closely monitoring the auction, which starts with bids at two-thirds of the appraised value, hoping for better management and maintenance of the complex.

Shreveport—The Regions Bank Tower complex in downtown Shreveport is set to be sold at auction during the Caddo Parish Sheriff’s Sale on October 29, 2024. The tower, which is part of a two-building property that includes the historic 16-story Regions Building and a nearly 1,000-space parking garage, has been in receivership for more than a year due to ongoing issues related to non-payment of utility bills.

On August 21, 2024, SWEPCO (Southwestern Electric Power Company) issued a notice to disconnect electricity at the tower. The property’s owner, Hertz Investment Group, has accrued over $420,000 in unpaid utility bills, leading to significant disruption for tenants, many of whom were reportedly unaware of the overdue payments until they received disconnection notices. In an effort to rectify the situation, Wilmington Trust National Association paid the outstanding balance in order to maintain utility services, having been forced to bring the SWEPCO utility balance current.

Additionally, CenterPoint Energy has sent a disconnection notice due to unpaid water services. Various local companies have filed liens against Hertz Investment Group for services rendered but not compensated. Despite the name associated with the building, Regions Bank clarified that they do not own the property and are not responsible for any expenses or utility bills related to it.

In a legal move, Wilmington Trust filed a lawsuit in U.S. District Court on September 18, 2024, seeking to place Plaza II Holdings LLC, the owner of the buildings, into receivership. The Hertz Investment Group acquired the properties in 2007, and the complex currently consists of approximately 500,000 square feet of office space across both buildings, maintaining an occupancy rate of about 80%.

The situation regarding non-payment of debts is not limited to the Regions properties. Other locations owned by Hertz Investment Group, including the Hancock Whitney Center in New Orleans, are also facing defaults. A writ of seizure and sale was issued by the Caddo Parish Sheriff’s Office on July 31, 2025, further complicating the status of the properties. The upcoming auction is set to start with bids at two-thirds of the appraised value of the properties.

As the auction date nears, stakeholders and community members remain attentive to the developments surrounding this iconic complex in Shreveport, hoping for a resolution that can improve the management and upkeep of the buildings.

Key Features of Regions Bank Tower Complex

• Location: Downtown Shreveport
• Includes: Historic 16-story Regions Building and parking garage
• Size: Approximately 500,000 square feet of office space
• Occupancy Rate: Approximately 80%
• Unpaid Utility Bills: Over $420,000
• Upcoming Auction Date: October 29, 2024
• Bidding Start: Two-thirds of appraised value

FAQ

Deeper Dive: News & Info About This Topic

HERE Resources

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Regions Tower in Shreveport Placed Under Receivership
Regions Tower in Financial Crisis Amid Lawsuit and Auction
Shreveport Faces Financial Crisis as Regions Tower Auction Approaches
Regions Center in Shreveport Set for Auction Amid Financial Struggles
Regions Tower in Shreveport Faces Financial Crisis
Shreveport Office and Data Center Building Up for Auction
Edward Nader Jr. Launches High-End Furnishings in Shreveport
Regions Tower Tenants Face Pending Utility Disconnection due to Unpaid Bills Worth Over $468,000
Regions Tower Tenants in Shreveport Face Possible Power Shutoff Amid Rising Concerns over Unpaid Utility Bills

Additional Resources

• KSLA: Downtown Regions Tower to be Sold at Caddo Sheriff’s Sale
• Wikipedia: Shreveport
• KTBS: Regions Bank Buildings Headed for Sheriff’s Sale
• Google Search: Regions Bank Tower Shreveport
• Shreveport-Bossier Advocate: Regions Center Shreveport Auction
• Encyclopedia Britannica: Louisiana
• Shreveport Times: What’s Going on with the Regions Bank Building?
• Google News: Regions Bank Tower Shreveport

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.