TULSA, Oklahoma - After months of rumors and speculation, Trader Joe's confirmed Thursday that a new store will open on Brookside. The store will be the first Trader Joe's in Tulsa.

According to a news release, the store will be located at East 37th Street and South Peoria Avenue will open in late 2015.

2/10/2015 Related Story: Brookside Businesses Moving Out For New Development

Trader Joe's describes its stores as a “store of stories,” saying, “Every item in the store has its own virtues, like high quality ingredients, great flavor, or simply an extraordinary price - and many items boast all of these attributes.”

The company said they are able to provide those virtues by offering more than 3,000 items under the Trader Joe's private label.

Several business on Brookside recently moved out of their current locations. For months the rumor was that Trader Joe's planned to build in the area, but that wasn't confirmed until Thursday's announcement.

"This is great news for the city of Tulsa and opens up the door to an entirely new retail market,” Mayor Dewey Bartlett said in a statement. “With the announcements of Costco, Urban Outfitters and now Trader Joe's, Tulsa is a place where retailers want to be as we have a strong economy, philanthropic and business community and have a uniqueness that is hard to find anywhere else in the country.”

In February, the chain announced they would build a store in Oklahoma City, that store would be the first to come to Oklahoma.

Previously Oklahomans had to drive to the Dallas or Kansas City areas to find the nearest store.