SHREVEPORT — Downtown Shreveport’s Regions Tower, the tallest building in north Louisiana at 365 feet, has been sold to Wilmington Trust Banking Company for more than $15 million following a Caddo Parish Sheriff’s auction. The sale must still go through the clerk of court before it is finalized, and current tenants remain in the building. 

The complex consists of the 25-story Regions Tower and the 16-story Regions Building, connected by a four-story atrium, comprising approximately 500,000 square feet of combined Class-A office space. 

The property entered receivership after owner Hertz Investment Group fell behind on utility payments, with SWEPCO posting a cutoff notice on the tower doors in August 2024 citing more than $420,000 in unpaid bills.

The mortgage had been delinquent since July 2025, triggering the foreclosure and eventual sheriff’s sale. 

Wilmington Trust has not announced plans for the property.