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Tanglewood Corporation manages several premier properties including its Post Oak Shopping Center at the corner of Post Oak Boulevard and Westheimer and Tanglewood Center located at the corner of Chimney Rock and Woodway. In 1951 the office of Tanglewood Corporation was built for the purpose of developing the neighborhood of Tanglewood. The management of the Tanglewood subdivision has long since moved into the hands of Tanglewood Homes Association.