Educational Development Corporation $(EDUC)$ announced it has amended its agreement to sell the Hilti Complex in Tulsa, Oklahoma to 10Mark 10K Industrial, LLC for $32.2 million. The deal extends the buyer's due diligence period and confirms the buyer's intent to proceed with the purchase. The Hilti Complex includes 402,000 square feet of office and warehouse space. Proceeds from the sale will be used to pay down company debt, and EDC will lease back its current space in the facility after the transaction closes, expected within 45 days.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EDC - Educational Development Corporation published the original content used to generate this news brief via Newsfile (Ref. ID: 269374) on October 06, 2025, and is solely responsible for the information contained therein.