Petroleum Club Building in Tulsa Sold to Kismet Stratton Investments
The Price Family has sold Tulsa's historic Petroleum Club building to Wichita-based Kismet Stratton Investments, which plans major renovations.
The Price Family has transferred ownership of the Petroleum Club Building at 601 South Boulder in Tulsa, Oklahoma, to Kismet Stratton Investments LLC, a Wichita-based real estate firm, according to an announcement dated September 28, 2026.
The new owners have outlined an ambitious redevelopment vision for the downtown property, including a ground-floor restaurant, a premium fitness club, and a restored street-level presence designed to revitalize the building's public-facing facade.
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The Petroleum Club Building has long been a landmark of Tulsa's commercial core, historically tied to the city's oil and gas industry heritage. The sale signals fresh private investment interest in the downtown corridor at a time when urban core revitalization remains a priority in many mid-sized American cities.
Kismet Stratton Investments' planned amenities suggest a repositioning of the asset toward mixed-use, lifestyle-oriented tenancy — a strategy increasingly common among investors acquiring legacy office or club properties in secondary markets. The fitness and dining components, in particular, are intended to draw foot traffic and animate the street level.
Financial terms of the transaction were not disclosed. Continue reading at All Financial Services & Investing.
