Penn Square Mall

Penn Square Mall
Map
LocationUnited States Oklahoma City, Oklahoma
Coordinates35°31′29″N 97°32′40″W / 35.52472°N 97.54444°W / 35.52472; -97.54444
Opening date1960
ManagementSimon Property Group
OwnerSimon Property Group (94.5%)
No. of stores and services145
No. of anchor tenants5
Total retail floor area1,083,937 sq ft (100,701 m2)[1]
No. of floors2
Websitehttp://www.simon.com/mall/penn-square-mall

Penn Square Mall is a two-story, 1,083,937 sq ft (100,701 m2) regional shopping mall in Oklahoma City, Oklahoma, United States. It is located at the intersection of Pennsylvania Avenue and NW Expressway, near Interstate 44. The mall's anchor stores consist of JCPenney, Macy's, AMC Theatres, and two separate Dillard's stores. Simon Property Group, who manages the mall, owns 94.5% of it. In 2018, the mall generated sales of over $700 per square foot.[2]

History

The center was originally built as an outdoor shopping center in 1960 and spanned 582,000 sq ft (54,070 m2), with anchors John A. Brown and Montgomery Ward.[3]

High-end Park Avenue junior department store Al Rosenthal's opened a branch at the new center. The two-store chain would be rebranded as Gus Mayer (which by then owned it) in 1969, and in 1974 converted to a branch of Kansas City-based Harzfeld's. It closed ten years later in 1984.[4]

After the opening of regional enclosed malls such as Quail Springs Mall and Crossroads Mall, the center was enclosed in 1982 and renovated in 1988 to include a second level and food court at a cost of $100 million. A multi-story parking structure was added and the mall was further expanded with a new JCPenney in 1995. It was renovated once again five years later in 2000.

Penn Square Mall was the site of Penn Square Bank, which failed on July 5, 1982, with devastating effects on the US banking industry.

In 2000, a shopping center named Belle Isle Station opened next to Penn Square Mall. It featured several retail stores such as Walmart Supercenter, Old Navy, Linens 'n Things, Babies R Us, Shoe Carnival and Ross Dress for Less.[5] Linens 'n Things went bankrupt in the late 2000s. On September 12, 2013, Nordstrom Rack opened in its place.[6] In March 2018, it was announced that Babies R Us would close permanently after Toys R Us filed for bankruptcy.[7] The year after, it was replaced by REI and Five Below.[8]

John A. Brown was sold to Dillard's in 1984.[9] In 2001, Dillard's expanded its presence following the closure of the Montgomery Ward store by opening a second location in the space that Montgomery Ward vacated.[10] Foley's, part of the mall's 1988 expansion, converted to Macy's in 2006.[11]

On September 19, 2006, The Cheesecake Factory opened outside the mall.[12]

On September 15, 2018, The Container Store opened in the parking lot.[13]

Tenants

Anchor stores

The following are the current five anchor tenants:

  • AMC Theatres - 37,657 sq ft (3,498 m2)
  • Dillard's East - 132,528 sq ft (12,312 m2)
  • Dillard's West - 170,609 sq ft (15,850 m2)
  • JCPenney - 125,000 sq ft (11,613 m2)
  • Macy's - 160,000 sq ft (14,864 m2)

Retailers

Over 140 other stores are located inside Penn Square Mall, they include Aldo, Apple, Coach, Eddie Bauer, Express, Francesca's, J.Crew, J.Jill, L'Occitane, Michael Kors, Pandora, Pottery Barn, Sephora, Tillys, White House Black Market.

References

  1. ^ "Do Business at Penn Square Mall®, a Simon Property". business.simon.com. Retrieved 2021-09-22.
  2. ^ "What is the Future of OKC Metro Malls? | Price Edwards and Company".
  3. ^ "Penn Square Evolves".
  4. ^ Laval, Kevin (10 July 1984). "Harzfelds Women's Stores Closing". The Oklahoman. Retrieved 7 November 2023.
  5. ^ "Wal-Mart Supercenter opens at Belle Isle". The Daily Oklahoman.
  6. ^ "Nordstrom Rack to open in Tulsa". 23 October 2013.
  7. ^ "Toys R Us to close all 800 of its U.S. stores". The Washington Post.
  8. ^ "REI to open first location in state in OKC". 4 March 2019.
  9. ^ "John A. Brown Co. Sold to Dillard's".
  10. ^ "Dillard's to take over Penn Square Wards site".
  11. ^ "Foley's gets new name Federated Department Stores will change the familiar mall logos to Macy's in fall 2006".
  12. ^ "The Cheesecake Factory Opens in Oklahoma City, Oklahoma".
  13. ^ "Opening date set for OKC Container Store". 20 August 2018.


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