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:
“They have a right to censure that have a heart to help: the rest is cruelty, not justice.”
—William Penn (1644–1718)
“We find it easy to set limits when the issue is safety.... But 99 percent of the time there isn’t imminent danger; most of life takes place on more ambiguous ground, and children are experts at detecting ambivalence.”
—Cathy Rindner Tempelsman (20th century)