50 Penn Place

infobox shopping mall
shopping_mall_name = 50 Penn Place


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location = Oklahoma City, Oklahoma USA
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floors = 3 (+16 offices)
website = [http://www.50pennplace.info/ 50PennPlace.info]

50 Penn Place is an upscale mixed-use development in the Northwest part of Oklahoma City, Oklahoma, consisting of a parking structure, and convert|233000|sqft|m2 of retail shops on 3 levels under a convert|185000|sqft|m2|sing=on, 16-story office tower. [cite news|url=http://newsok.com/article/3193243/?mp=1|publisher=Daily Oklahoman|title=50 Penn Place to be sold to California investors|author=Richard Mize|date=2008-01-18] The galleria shopping mall is located in the Penn Square trade area immediately at I-44 and Northwest Expressway, across from Penn Square Mall near the upscale suburb of Nichols Hills.

The complex was built in 1973 by C.W. Cameron, founder of American Fidelity.. For the next twenty years it was a landmark due to four neon pigs, one on each face, belonging to Sooner Federal Savings and Loan. The tower of 50 Penn Place was once headquarters to Penn Square Bank, which failed in 1982. It was also formerly home to the flagship store of the Orbach's chain of local clothing stores (which closed in 1990). Although not currently anchored by a major retailer, 50 Penn Place is at nearly full occupancy, containing a number of upscale shops and restaurants, including a brewpub, independent bookstore, and various office tenants including an FBI field office. Balliet's, a women's clothier, was one of the mall's original tenants. The complex is also home to the 50 Penn Place Art Gallery.

Midland Oak Realty purchased the building from MBL Life Assurance for $15 million in 1997.cite news|url=http://findarticles.com/p/articles/mi_qn4182/is_19971003/ai_n10113162|publisher=Journal Record|author=Emily Graham|title=Building's new owners plan series of upgrades|date=2007-10-03] It 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. [cite news|url=http://newsok.com/article/3210005/1204255619|publisher=Daily Oklahoman|title=Court catches 50 Penn Place deal|date=2008-02-29|author=Richard Mize]

Major Tenants

* Pendleton
* Balliet's
* Harolds
* Talbots
* Olive Garden (separate building in parking area)
* Israel's Fine Menswear
* Route 66
* 50 Penn Style Shop
* Full Circle Bookstore
* Scott Gordon Jeweller/Gemmologist

References

External links