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Newsfile Corp
7 months ago
Educational Development Corporation Announces Completion of Corporate Headquarters Sale for 32.2 Million
Use of Proceeds to Eliminate Outstanding Debt Tulsa, Oklahoma--(Newsfile Corp. - October 28, 2025) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", the "Company" or "Seller") (http://www.edcpub.com) announced that on October 27, 2025, Educational Development Corporation completed the sale of the Company's headquarters and distribution warehouse located at 5400-5402 South 122nd East Avenue, Tulsa, Oklahoma 74146 (the "Hilti Complex") to 10Mark 10K Industrial, LLC, a Delaware limited liability company ("Buyer"). The agreed upon sale price of the Hilti Complex per the executed Contract totaled $32,200,000.