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 restaurant and fitness upgrades.
The Price Family and Wichita-based Kismet Stratton Investments LLC have completed the sale of the Petroleum Club Building at 601 South Boulder in Tulsa, Oklahoma, the two parties announced Sept. 28, 2026. Financial terms of the transaction were not disclosed.
Kismet Stratton Investments has outlined plans to transform the ground floor of the historic downtown property, with a new restaurant and a premium fitness club among the marquee additions. The new owner also intends to restore the building's street presence, signaling a broader effort to reactivate the structure as a neighborhood anchor.
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The Petroleum Club Building carries significant civic and commercial history in Tulsa, long associated with the city's oil-industry heritage. A change in ownership of this profile typically draws attention from downtown redevelopment advocates and commercial real estate observers tracking investment trends in mid-sized Oklahoma markets.
The transaction represents a fresh capital commitment to Tulsa's urban core at a time when secondary U.S. cities have attracted increased investor interest in adaptive-reuse and mixed-use projects. Kismet Stratton's renovation agenda suggests the firm views the property as a long-term hospitality and wellness asset rather than a speculative flip.
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