Scholastic Sells Headquarters and Distribution Center for $401 Million Net Proceeds

Reuters2025-12-18

Scholastic Sells Headquarters and Distribution Center for $401 Million Net Proceeds

Scholastic Corporation has completed sale-leaseback transactions for its headquarters at 555-557 Broadway in New York City and its primary distribution center in Jefferson City, Missouri. The deals generated $481 million in total proceeds, with the company estimating net proceeds of $401 million to be used according to its capital allocation priorities. The transactions were advised by Newmark Group, Hogan Lovells, and Gagnier Communications.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scholastic Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: NY50744) on December 18, 2025, and is solely responsible for the information contained therein.

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