50 Penn Place
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.
| Location | Oklahoma City, Oklahoma USA |
|---|---|
| Opening date | 1973 |
| Owner | In-Rel Properties |
| Total retail floor area | 185,000-square-foot (17,200 m2) |
| No. of floors | 16 |
| Website | in-rel |
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.
Midland Oak Realty purchased the building from MBL Life Assurance for $15 million in 1997. 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. 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.