50 Penn Place is an upscale mixed-use complex in the inner Northwest part of Oklahoma City, Oklahoma. The galleria-style shopping mall and tower is located at 1900 Northwest Expressway in the Penn Square trade area immediately at Interstate 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, upscale retail shops on three levels 185,000-square-foot (17,200 m2), and a parking structure.[1]
Midland Oak Realty purchased the building from MBL Life Assurance for $15 million in 1997.[2] The complex was later 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.[3] In March 2011, In-Rel Properties based in Lake Worth, Florida, purchased the building for $15.25 million and invested over $1 million in renovations.[4]
50 Penn Place is pictured in Oklahoma City, Thursday, March 15, 2012. Photo by Sarah Phipps, The Oklahoman.The ground floor entrance to the retail portion of the mall.Another interior shot of the mall.The interior of the mall.The fountain inside the office tower of 50 Penn Place, Oklahoma City, OK.
^Richard Mize (2008-01-18). "50 Penn Place to be sold to California investors". Daily Oklahoman.
^Emily Graham (2007-10-03). "Building's new owners plan series of upgrades". Journal Record.
^Richard Mize (2008-02-29). "Court catches 50 Penn Place deal". Daily Oklahoman.
^"Archived copy" (PDF). Archived from the original (PDF) on 2014-03-15. Retrieved 2013-07-02.{{cite web}}: CS1 maint: archived copy as title (link)
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