CBRE Arranges Sale/Leaseback Between Hilti, Educational Development Corp. in Tulsa

by Haisten Willis

TULSA, OKLA. — CBRE Capital Markets’ Investment Properties has arranged the sale of a complex including 180,000 square feet of warehouse space and 220,000 square feet of office space at the Hilti North America Operations Center in Tulsa. Educational Development Corp. (EDC), an educational children’s book publishing company based in Tulsa, purchased the warehouse and office space from Hilti for an undisclosed price. Hilti will lease back 180,000 square feet of the office space to house its North America Operations Center, which includes customer service, accounting, training and other functions. Hilti will continue to be located in Tulsa after the company’s headquarters relocated to Plano, Texas in June. Located at 5404 S. 122 E. Ave., the remaining 221,000 square feet will house EDC’s new headquarters, including a 180,000-square-foot warehouse operation. Adam Rumsey, Bob Pielsticker, Angela West and Matt Reese of CBRE represented the seller. EDC sells children’s books, including Usborne Books and the Kane Miller line of international children’s titles, through a sales organization of independent consultants, through 5,000 retail stores and online. Hilti is a manufacturer and supplier of tools and fastening systems.

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