50 Penn Place

Source: Wikipedia, the free encyclopedia.
50 Penn Place
Location
Total retail floor area
185,000-square-foot (17,200 m2)
No. of floors16
Websitein-rel.com/listings/50-penn-place/

50 Penn Place is an upscale

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.

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.

History

The complex was built in 1973 by C.W. Cameron, founder of

Nichols Hills. Because of this, 50 Penn Place is no longer seen by locals as an upscale shopping destination. However, several upscale tenants still remain, and former retail space is being leased to other tenants, such as ITT Technical Institute. In March 2011, In-Rel Properties purchased the building for $15.25 million and invested over $1 million in renovations.[5]

On October 11, 2023, the building suffered a fire.[6]

Tenants

See also

References

  1. ^ Richard Mize (2008-01-18). "50 Penn Place to be sold to California investors". Daily Oklahoman.
  2. ^ a b Emily Graham (2007-10-03). "Building's new owners plan series of upgrades". Journal Record.
  3. ^ Richard Mize (2008-02-29). "Court catches 50 Penn Place deal". Daily Oklahoman.
  4. ^ "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)
  5. ^ https://web.archive.org/web/20140315113342/http://www.in-rel.com/wp-content/uploads/2012/07/a8a003bb-c1fe-d591-97a3-4ff37329e458.pdf
  6. ^ Goodson, Audrey. "Crews respond to fire at popular Oklahoma City business center", KOCO-TV, October 10, 2023. Accessed October 12, 2023. "Around 5 a.m., a fire sparked at 50 Penn Place, which is along Northwest Expressway near Pennsylvania Avenue in northwest Oklahoma City. Authorities said crews worked to put out a fire on the fourth floor."

External links