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Money Talk

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Tulsa’s Iconic Petroleum Club Building Sold to Wichita Investors

The 16-story Petroleum Club Building at 601 South Boulder Avenue has been sold by the Price Family to Kismet Stratton Investments. The transaction marks a shift for the historic 1963 tower, which now faces a planned renovation aimed at restoring its mid-century prestige while modernizing its street-level amenities.

Tulsa’s Iconic Petroleum Club Building Sold to Wichita Investors
Photo: Bio & News

The project centers on revitalizing the building’s interaction with the Oil Capital Historic District. Kismet Stratton plans to overhaul the ground floor, lobby, and parking garage, adhering to federal and state preservation standards. Key additions include a full-service restaurant with an outdoor patio and the integration of a premium fitness club, moving away from standard corporate gym facilities toward a luxury tenant-operated model.

Stuart Price noted that the decision to sell followed a search for owners capable of maintaining the structure’s historical significance. Kyle Bruner, managing partner at Kismet Stratton, characterized the acquisition as an effort to restore the tower as a central hub for the oil and gas sector. The building currently serves a mix of legal and financial firms, with the new ownership focusing on leasing the remaining full-floor vacancies. Renovations will prioritize high-impact amenities over minor upgrades, reflecting a strategy to enhance the daily experience for downtown professionals.

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