H
ilco Real Estate Sales has announced that the Chapter 11 liquidation of Victoria Tower, a six‑story office complex at 1908 N Laurent St., Victoria, Texas, will close on October 30, 2025. The property spans roughly 111,856 sq ft of gross area, with about 104,694 sq ft of rentable space. Constructed in 1982, the building is currently 57 % leased, leaving ample room for value‑add through targeted leasing or retrofits. The site sits on an 8.8‑acre parcel, plus two surplus lots of 3.0 and 0.7 acres, bringing the total land area to approximately 12.6 acres.
Victoria Tower offers a practical layout across six floors of multi‑tenant office space and nearly 400 surface parking spots that are highly visible from Laurent Street. Existing tenants include a mix of government agencies, professional firms, and service providers. The combination of stabilized office income and excess land makes the asset attractive for developers seeking mixed‑use or redevelopment opportunities. Its central position in Victoria places it near major employers such as Formosa Plastics, Caterpillar, and Citizens Medical Center, and it enjoys easy access to U.S. Highway 59 and the Victoria Regional Airport, just five miles away.
Victoria itself is a key junction in South Texas, supported by a diversified economy that spans healthcare, education, manufacturing, and robust transportation links via highways, rail, and regional ports. This economic mix, coupled with Texas’ pro‑business climate, keeps the office market resilient. The upcoming arrival of a large green‑energy firm at the Port of Victoria in mid‑2026 underscores the state’s growing appeal. While Houston, Austin, San Antonio, and Dallas‑Fort Worth dominate the statewide narrative, secondary markets like Victoria are benefiting from broader upward momentum, offering investors a blend of affordability and growth potential.
“Given the property’s scale, surplus land, and prime location, we expect strong interest from both regional and national buyers looking to establish a foothold in Texas’ resilient secondary markets,” said Terence Rochford, senior vice president of business development at Hilco Real Estate Sales. “This is the kind of opportunity where creative repositioning and disciplined execution can unlock outsized returns.” Steve Madura, senior vice president at Hilco, added, “Victoria Tower has solid fundamentals and significant upside. With COVID behind us, office sentiment is shifting positively, new construction is at a 13‑year low, and interest rates are falling—making now the perfect time to acquire a high‑quality asset.”
The sale is being conducted under U.S. Bankruptcy Court, Western District of Texas, Austin Division, Case No. 25‑10669. Bids must be submitted by 5:00 p.m. CT on October 30, 2025, using the Purchase and Sale Agreement (PSA) available for download on Hilco’s website. Prospective buyers should review the participation requirements on the Hilco Real Estate Sales site. For additional information, contact Steve Madura at (847) 504‑2478 or [email protected], or Michael Kneifel at (847) 201‑2322 or [email protected]. Further details, due‑diligence access, and sale terms can be obtained by calling (855) 755‑2300 or visiting Hilco Real Estate Sales online.
Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services firm that delivers integrated professional services and capital solutions across retail, commercial, industrial, real estate, manufacturing, brand, and intellectual property sectors. With more than 810 professionals on four continents, Hilco Global helps clients maximize value and drive performance in healthy, stressed, and distressed situations. The company is headquartered in Northbrook, Illinois. Visit www.hilcoglobal.com for more information.
