50 Penn Place is an upscale mixed-use development in the inner Northwest part of Oklahoma City, Oklahoma. The galleria-style shopping mall and tower is located in the Penn Square trade area immediately at I-44 and Northwest Expressway, across from Penn Square Mall near the exclusive suburb of Nichols Hills.
The complex consists of a 16-story office tower, 233,000 square feet (21,600 m2) of retail shops on 3 levels 185,000-square-foot (17,200 m2), and a parking structure.
Midland Oak Realty purchased the building from MBL Life Assurance for $15 million in 1997. The complex is currently owned by a Dallas-based capital management company, which bought the building for $25.7 million in 2004, along with 25 tenants=in-common. A planned sale fell through in 2008.
Famous quotes containing the words penn and/or place:
“So little time we live in Time,
And we learn all so painfully,
That we may spare this hour’s term
To practice for Eternity.”
—Robert Penn Warren (1905–1989)
“With four walk-in closets to walk in,
Three bushes, two shrubs, and one tree,
The suburbs are good for the children,
But no place for grown-ups to be.”
—Judith Viorst (b. 1935)