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 I-44 and Northwest Expressway, across from Penn Square Mall near the exclusive suburb of Nichols Hills. The complex consists of a 16-storey office tower, upscale 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 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. More information...
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