Woods Capital Facilitates Acquisition of Arts District Tower
Woods Capital Management, LLC (“Woods Capital”) facilitated the sale of 2100 Ross to Tom Dundon, former CEO of Santander Consumer USA.
Woods Capital assisted Dundon in acquiring the 844,000 square foot high-rise from Atlanta-based firm Cousins Properties, which had purchased the tower in 2012 out of foreclosure for $59.2 Million. During their ownership, Cousins accumulated 390,000 square feet of leases and completed a large renovation of the building.
2100 Ross is located in the heart of downtown Dallas’ Arts District, in between the iconic Chase Tower and a surface lot owned by J.P. Morgan that is planned for development into a mixed-use asset comprised of 2,200 parking spaces, 350 multi-family units, 200 hotel rooms and an estimated 25,000 square feet of ground floor retail.
"The Arts District is clearly the premiere address in the city and we think this building is really well positioned in that district," said Jonas Woods, CEO of Woods Capital.
Woods Capital Property Management, LLC, an affiliate of Woods Capital, serves as property manager for the 33-story office tower.
"We really think it's a great building and it's in a great location," said Woods, also adding, “There are some opportunities to further elevate the building.”
Dundon plans to make 22,000 square feet of 2100 Ross the global headquarters of his latest venture, Dundon Capital Partners, LLC.
2100 Ross is roughly 90 percent leased with well-known tenants that include Lockton Companies, Merrill Lynch, Prudential Mortgage Capital and Netherland, Sewell & Associates.