Tanglewood Property Group, a private real estate investor based in Houston, purchased the Preston Plaza office tower on Preston Road in 2017. Tanglewood owns multiple Houston-area properties but this is its first major Dallas acquisition. The company has been in business since 1987 and has holdings totaling more than 1.9 million square feet. Preston Plaza is a 10-story granite and glass tower with almost 260,000 square feet. The building was fully renovated in 2015.
Affluent North Dallas neighborhoods near the building include: Bent Tree, Prestonwood, Preston Trails, Campbell Green, to name a few. Surrounded by well-known restaurants and reputable retailers, the building also has close proximity to the north Dallas Tollway, the President George Bush Freeway, US Highway 75 and Preston Road.