---
schema_version: "secwatch.filing_event.v1"
accession: "0001541401-25-000043"
form_type: "8-K"
ticker: "ESRT"
cik: "0001541401"
company_name: "Empire State Realty Trust, Inc."
filed_at: "2025-12-02T23:59:59+00:00"
generated_at: "2026-05-16T15:42:34.251834+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ESRT agrees to acquire Scholastic Building for $386M; all-cash deal to close Dec 2025

## Summary
- All-cash acquisition of 555-557 Broadway (Scholastic Building) in SoHo for $386M; expected close in Dec 2025.
- Property has 368K sq ft office and 28K sq ft prime retail; currently 70% leased.
- Scholastic (SCHL) signs 15-year lease for 222,000 sq ft office space; retail fully leased with ~8 yr WALT.
- Three-floor block of over 110,000 sq ft available, offering significant value-creation potential.
- CEO Malkin highlights contractual revenue, embedded growth, and marketing of uniquely large block.

## SEC filing metadata
- accession: 0001541401-25-000043
- form_type: 8-K
- ticker: ESRT
- cik: 0001541401
- company_name: Empire State Realty Trust, Inc.
- filed_at: 2025-12-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1541401/000154140125000043/0001541401-25-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1541401/000154140125000043/esrt-20251202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001541401-25-000043
- JSON: https://secwatch.observer/filing/0001541401-25-000043.json
- Plain text: https://secwatch.observer/filing/0001541401-25-000043.txt

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