Educational Development Corporation Announces Execution of New Tenant Lease Agreement for Available Space at Hilti Complex [Yahoo! Finance]
Educational Development Corporation (EDUC)
US:NASDAQ Investor Relations:
edcpub.com/investors.aspx
Company Research
Source: Yahoo! Finance
it has entered into a triple-net ("NNN") lease (the "Lease") agreement for approximately 111,000 square feet of unused office and warehouse space in it's property located at 5402 S. 122 nd East Ave, Tulsa, OK 74146 (the "Hilti Complex") with a new tenant ("Tenant"). The initial lease term is five years commencing July 1, 2024 and includes an option to extend the lease term for an additional five years. The initial lease rate shall be $9.05 per rentable square foot, with 3% escalations at the beginning of each year of the Lease and includes standard NNN terms. Per Craig White, President and Chief Executive Officer, "During fiscal 2022, we implemented 2 new state-of-the-art pick and pack lines which not only add efficiencies but give us increased capacity. Given these new lines have been in operation, we are no longer using our legacy lines and thus the space that these lines occupy is currently only being used for bulk storage. The Hilti Complex was originally built as a manufacturin
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EDUC
News
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Educational Development Corporation Announces Executed Fifth Amendment to Credit Agreement [Yahoo! Finance]Yahoo! Finance
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Educational Development Co. (NASDAQ: EDUC) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
EDUC
Sec Filings
- 6/17/24 - Form 8-K
- 6/12/24 - Form 8-K
- 5/30/24 - Form 8-K
- EDUC's page on the SEC website