Group 1: Company Overview - Educational Development Corporation (EDC) is a publishing company specializing in children's books and owns brands such as Kane Miller Books, Learning Wrap-Ups, and SmartLab Toys [3] - EDC is the exclusive U.S. distributor of Usborne Publishing Limited children's books, with products sold through 4,000 retail outlets and independent brand partners [3] Group 2: Recent Developments - EDC has executed a new brokerage agreement with Keen-Summit Capital Partners for marketing the sale of the Hilti Complex, which includes headquarters and distribution warehouse in Tulsa, Oklahoma [1] - The Hilti Complex consists of 402,000 square feet of rentable office and warehouse space on 35 acres, currently occupied by EDC and two tenants, Hilti and Crusoe [2] - The company aims to maximize the value of the Hilti Complex by engaging Keen-Summit, which has a broader network and a successful track record in real estate [2] Group 3: Future Plans - EDC expects to complete the listing and sale of the Hilti Complex within the calendar year while continuing to work with local broker McGraw Davisson Stewart [2] - The company plans to execute a new multi-year lease agreement for the space it occupies after the sale of the Hilti Complex [2] Group 4: Keen-Summit Capital Partners - Keen-Summit is a nationally recognized real estate broker with over 40 years of experience in maximizing real estate value across North America [4] - The firm offers additional services in lease restructuring and investment banking [4]
Educational Development Corporation Announces New Brokerage Agreement with Keen-Summit to Market the Sale of the Hilti Complex