Hilco Real Estate Sales Announces Bankruptcy Sale of Victoria Tower Office Building in Victoria, Texas

NORTHBROOK, Ill., Sept. 10, 2025 /PRNewswire/ -- Hilco Real Estate Sales announces October 30, 2025, as the qualifying bid deadline for the Chapter 11 bankruptcy sale of Victoria Tower, a prominent six-story office property strategically located at 1908 N Laurent Street in Victoria, Texas. 

Victoria Tower contains 111,856± square feet of gross building area with 104,694± rentable square feet. Built in 1982, the property is currently 57% leased, offering substantial upside potential through proactive leasing or retrofitting efforts. The property sits on a sizable 8.8± acre parcel, with two excess land sites of 3.0± and 0.7± acres respectively – totaling 12.6± acres. 

The building offers a highly functional layout, six floors of multi-tenant space and nearly 400 surface parking spaces with great visibility off Laurent Street. Notable tenants include a mix of government, professional, and service organizations. Victoria Tower represents a compelling investment opportunity for value-add investors and developers, with both stabilized office potential and excess land for mixed-use or future redevelopment. Located in the heart of Victoria, the property benefits from proximity to major employers such as Formosa Plastics, Caterpillar and Citizens Medical Center, as well as easy access to U.S. Highway 59 and Victoria Regional Airport about 5 miles away.

Victoria sits at a strategic crossroads of South Texas, anchored by its diversified economic base that includes healthcare, education, manufacturing and access to key transportation corridors via highways, rail and regional ports. This makes the area particularly attractive for value-add office or mixed-use investment. Victoria Tower represents a strong investment—especially for those targeting properties with both existing cash flow and significant upside via enhanced leasing strategies.

Texas' office real estate market continues to show resilience, driven by its enduring pro-business climate which consistently attracts new corporate and investor interest – highlighted by the upcoming arrival of a major green energy company establishing operations at the Port of Victoria by mid-2026. While major metros like Houston, San Antonio, Austin and Dallas Fort Worth lead the statewide narrative, smaller but strategically positioned markets such as Victoria benefit from this broader upward trajectory. Statewide diversification into tech, clean energy and infrastructure—combined with ongoing strength in traditional sectors like oil, gas and manufacturing—bolsters the demand for office and mixed-use assets across Texas. This macro momentum supports investor confidence in secondary markets with development potential and relative affordability.

Terence Rochford, senior vice president of business development at Hilco Real Estate Sales, stated, "Considering the property's scale, excess land and central location within Victoria, we anticipate strong investor interest from both regional buyers and national groups seeking a foothold in Texas' resilient secondary markets. This is precisely the type of opportunity where creative repositioning and disciplined execution can unlock outsized returns." 

Steve Madura, senior vice president at Hilco Real Estate Sales, stated, "Victoria Tower is a well-located office asset with strong bones and significant upside. With COVID now in the rearview mirror, all leading indicators point to a pivotal national shift in office sentiment, supported by a steady increase in office attendance/return to work, a 13-year low in new office construction resulting in limited new supply, and declining interest rates. Savvy investors are actively looking to add solid offices assets to their portfolio – NOW is the time and THIS is the opportunity!"

The sale of Victoria Tower is being conducted by Order of the U.S. Bankruptcy Court for the Western District of Texas Austin Division Case No. 25-10669. Bids must be received on or before the deadline of October 30 at 5:00 p.m. (CT) and must be submitted on the Purchase and Sale Agreement (PSA) document available for review and download from Hilco Real Estate Sale's website.

Interested bidders should review the requirements in order to participate in the bankruptcy sale process on Hilco Real Estate Sale's website. For further information, please contact Steve Madura at (847) 504-2478 or [email protected] or Michael Kneifel at (847) 201-2322 or [email protected].

For additional details, due diligence access and terms of sale, visit Hilco Real Estate Sales or call (855) 755-2300.

About Hilco Global

Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, brand and intellectual property sectors, and more. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to complete the deal. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com. 

SOURCE Hilco Global