---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-309611"
form_type: "8-K"
ticker: "SCHL"
cik: "0000866729"
company_name: "SCHOLASTIC CORP"
filed_at: "2025-12-05T23:59:59+00:00"
generated_at: "2026-05-16T14:26:37.525052+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Scholastic sells NYC HQ for $386M and Mo. warehouses for $95M in sale-leasebacks

## Summary
- NYC building at 557 Broadway sold to ESRT (Empire State Realty Trust) for $386M; closing Dec 16-18, 2025.
- Scholastic leases back floors 6-12 for 15 years, two 10-yr extensions; aggregate fixed rent $333M over initial term.
- Jefferson City, MO warehouse sites sold to Fortress affiliate FNLR for $94.97M; closing by Dec 31, 2025.
- Scholastic leases back all three warehouses for 20 years, two 10-yr renewals; initial annual rent ~$6.886M, CPI-adjusted.
- Neither transaction conditioned on buyer financing; Scholastic retains rights of first offer to purchase properties if offered.

## SEC filing metadata
- accession: 0001193125-25-309611
- form_type: 8-K
- ticker: SCHL
- cik: 0000866729
- company_name: SCHOLASTIC CORP
- filed_at: 2025-12-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866729/000119312525309611/0001193125-25-309611-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000119312525309611/d32159d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-309611
- JSON: https://secwatch.observer/filing/0001193125-25-309611.json
- Plain text: https://secwatch.observer/filing/0001193125-25-309611.txt

## Key facts
- Debt Financings
  SCHOLASTIC CORP entered an off-balance-sheet arrangement for lease obligation of $333,059,306.47 with ESRT 555-557 Broadway, L.L.C. maturing fifteen (15) years, with two (2) renewal options of ten (10) years each.
  - Instrument: lease obligation
  - Principal: $333,059,306.47
  - Counterparty: ESRT 555-557 Broadway, L.L.C.
  - Maturity: fifteen (15) years, with two (2) renewal options of ten (10) years each
  - Event: off balance sheet
  source text: (“Scholastic SoHo”) entered into a Contract of Purchase and Sale (the “SoHo Purchase Agreement”) with ESRT 555-557 Broadway, L.L.C. (“ESRT”), an affiliate of Empire State Realty Trust, Inc., pursuant to which Scholastic SoHo agreed to sell the real property and building thereon (the “SoHo Building”) located at 555-557 Broadway, New York, New York 10012 (the “SoHo Property”) to ESRT for a purchase price of $386,000,000 (the “SoHo Sale-Leaseback Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/866729/000119312525309611/0001193125-25-309611-index.htm
- Material Agreements
  SCHOLASTIC CORP entered into SoHo Purchase Agreement with ESRT 555-557 Broadway, L.L.C. valued at $386,000,000 (effective 2025-12-01).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: ESRT 555-557 Broadway, L.L.C.
  - Value: $386,000,000
  - Effective: 2025-12-01
  source text: On December 1, 2025, Scholastic 557 Broadway, L.L.C. (“Scholastic SoHo”) entered into a Contract of Purchase and Sale (the “SoHo Purchase Agreement”) with ESRT 555-557 Broadway, L.L.C. (“ESRT”), an affiliate of Empire State Realty Trust, Inc., pursuant to which Scholastic SoHo agreed to sell the real property and building thereon (the “SoHo Building”) located at 555-557 Broadway, New York, New York 10012 (the “SoHo Property”) to ESRT for a purchase price of $386,000,000 (the “SoHo Sale-Leaseback Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/866729/000119312525309611/0001193125-25-309611-index.htm
- Material Agreements
  SCHOLASTIC CORP entered into Jefferson City Purchase Agreement with FNLR Fortuna Major LLC valued at $94,970,000 (effective 2025-12-01).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: FNLR Fortuna Major LLC
  - Value: $94,970,000
  - Effective: 2025-12-01
  source text: On December 1, 2025, Scholastic entered into a Contract of Purchase and Sale (the “Jefferson City Purchase Agreement”) with FNLR Fortuna Major LLC (“FNLR”), an affiliate of Fortress Investment Group LLC, pursuant to which Scholastic agreed to sell certain real property and improvements located at 6336 Algoa Road, Jefferson City, Missouri (the “Algoa Road Property”), 2931 East McCarty Street, Jefferson City, Missouri (the “East McCarty Street Property”) and 3030 Robinson Road, Jefferson City, Missouri (the “Robinson Road Property,” and, together with the Algoa Road Property and the East McCarty Street Property, collectively, the “Jefferson City Property”) to FNLR for a total purchase price of $94,970,000 (the “Jefferson City Sale-Leaseback Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/866729/000119312525309611/0001193125-25-309611-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.