other material
confidence high
sentiment neutral
materiality 0.55
EDC engages Keen-Summit to market sale of Hilti Complex HQ and warehouse
EDUCATIONAL DEVELOPMENT CORP
- Brokerage agreement signed March 21, 2025 with Keen-Summit Capital Partners to market the Hilti Complex for nine months.
- Property includes 402,000 sq ft on 35 acres; occupied by EDC, Hilti, and Crusoe under multi-year leases.
- CEO Craig White expects sale to close within calendar year; EDC will sign new multiyear lease for its space post-sale.
- McGraw Davisson Stewart continues as local broker working alongside Keen-Summit.