Houston firm buys North Dallas office property

Dallas-based real estate investor Caddo Holdings has sold one of its North Texas properties to Houston-based Tanglewood Property Group for an undisclosed sum.

The 31-year-old office building, called Preston Plaza, totals 259,009 square feet and sits at the intersection of Preston and Frankford roads in North Dallas.

At the time of the closing, the building was 91 percent occupied by office tenants, including Sovereign Bank, The Ayco Company and Progressive Casualty Insurance.

Click to read more at Houston Business Journal.