Educational Development Corporation to Sell Hilti Complex for $32.2 Million, Plans to Lease Back Space

Reuters

Oct 07

Educational Development Corporation to Sell Hilti Complex for $32.2 Million, Plans to Lease Back Space

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4159","symbol_name":"经销商","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251006:nNDLVKL21:1","article_id":"2573019986","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573019986","pubTimestamp":1759787309,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Educational Development Corporation  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  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. 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