Tulsa's Petroleum Club Building Sold to Kismet Stratton Investments
The Price Family has transferred ownership of 601 South Boulder to Wichita-based Kismet Stratton Investments, which plans major renovations.
The Price Family and Wichita-based Kismet Stratton Investments LLC have completed the sale of the historic Petroleum Club Building at 601 South Boulder in Tulsa, Oklahoma, the parties announced Sept. 28, 2026. Financial terms of the transaction were not disclosed.
Kismet Stratton Investments, the incoming owner, has outlined an ambitious redevelopment vision for the downtown Tulsa landmark. Plans call for a ground-floor restaurant, a premium fitness club, and a restored street presence designed to revitalize the building's public-facing facade.
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The Petroleum Club Building has long been a recognizable fixture in Tulsa's downtown core, a city whose commercial identity has historically been tied to the oil and gas industry. The sale signals continued private-sector interest in repositioning legacy office and club properties for mixed-use purposes as urban real estate markets evolve.
The involvement of a Wichita-based investment firm in a prominent Tulsa asset reflects broader regional capital flows across the southern Plains, where investors have increasingly targeted mid-sized city redevelopment opportunities. The scope and timeline of the planned renovations were not detailed in the announcement.
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