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:
“Men are generally more careful of the breed of their horses and dogs than of their children.”
—William Penn (1644–1718)
“The first place he went into was the Royal Exchange .... where men of all ages and all nations were assembled, with no other view than to barter for interest. The countenances of most of the people showed they were filled with anxiety; some indeed appeared pleased, but yet it was with a mixture of fear.... [David] resolved to stay no longer in a place where riches were esteemed goodness, and deceit, low cunning, and giving up all things to the love of gain were thought wisdom.”
—Sarah Fielding (1710–1768)