TULSA, OK—CBRE Capital Markets' Investment Properties has completed the sale of a complex that includes 180,000-square-foot warehouse space and 220,000-square-foot office space at the Hilti North America Operations Center.
Educational Development Corporation (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 that includes customer service, accounting, training and other functions that continue to be located in Tulsa after the company's headquarters relocation to Plano, Texas in June 2015. Located at 5404 S. 122 East Ave., the remaining 221,000-square-feet property will house EDC's new headquarters, including a 180,000-square-foot warehouse operation.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
