Educational Development Corporation signs triple-net lease for 111,000 sq ft at Hilti Complex, starting July 1, 2024

EDUCATIONAL DEVELOPMENT CORP

Lease for approximately 111,000 sq ft of unused office/warehouse space at 5402 S 122nd E Ave, Tulsa, OK (Hilti Complex).
Initial 5-year term beginning July 1, 2024, with option to extend for an additional 5 years.
Initial rent $9.05/sq ft, with 3% annual escalations; tenant pays utilities, insurance, taxes, maintenance (roof/structure excluded).
President states leasing space improves financials and helps market the ongoing sale of the Hilti Complex.
Three long-term tenants now in the building, according to management.

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