Educational Development Corp sells headquarters for $38.25M and enters 15-year leaseback

EDUCATIONAL DEVELOPMENT CORP

Sale price of $38.25M; proceeds to pay off Term Loans and Revolving Loan under Credit Agreement.
EDC will lease back 218,200 sq ft for 15 years at initial $8.52/sq ft with 2.5% annual escalations.
Existing Hilti tenant lease for 183,800 sq ft assigned to Buyer; EDC retains sublease for 110,000 sq ft to Crusoe Energy.
17 acres of undeveloped land excluded from sale; EDC retains ownership and grants Buyer right of first refusal.
Buyer has 75-day due diligence from Sep 19; closing expected 30 days after due diligence period.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.