secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2025-12-05T23:59:59+00:00
Accession:  0001193125-25-309611
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000119312525309611/0001193125-25-309611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000119312525309611/d32159d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-309611

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer