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AI brief of an SEC Form 8-K · Scholastic (SCHL)

Scholastic agrees to sell SoHo building for $386 million and leases it back

Neutral Impact 4 of 5 m&a Written later

Scholastic agreed on December 1, 2025 to sell its SoHo building in New York for $386 million and lease back floors six through twelve for an initial 15-year term. It also agreed to sell three Jefferson City, Missouri warehouse sites for $94.97 million with a 20-year leaseback. Both deals are scheduled to close in December 2025 and convert owned property into long-term lease obligations.

Key points

  • SoHo sale price is $386,000,000, with a $38,600,000 deposit held in escrow; closing is scheduled for December 16, 2025, or December 18 if ESRT adjourns
  • SoHo lease covers a 15-year initial term with fixed rent totaling $333,059,306.47 over that term
  • Jefferson City sale price is $94,970,000, with a $1,890,000 deposit; closing is scheduled on or before December 31, 2025
  • Jefferson City initial annual base rent is approximately $6,886,000 under a 20-year triple net lease

The filing

CompanyScholastic (SCHL)
Form8-K, current report
Filed with the SECDec 5, 2025, 4:02 PM ET
Accession number0001193125-25-309611

Items reported: 1.01 Material Definitive Agreement2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 05, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.