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:
“Let the people think they govern and they will be governed.”
—William Penn (1644–1718)
“Is there any place on land or sea where there is no war?... Blackout. Blackout. Blackout. Blackout. Everywhere people stumblin’ in the dark. Is there to be no more light in the world? Is there no place in this dark land where a man who’s drunk can find a decent bit of fun?”
—Dudley Nichols (1895–1960)