Jeff Sutton and 180 Broadway

UPDATED: 9:00 a.m., Mar. 7:

Urban Outfitters is continuing its aggressive expansion with a 21,000-square-foot lease at 180 Broadway, the building owned by retail tycoon Jeff Sutton, SL Green Realty and Harel Insurance, the New York Post reported.

Sutton represented the owners on the deal at the 24-story building, which is located next door to the future Fulton Street Transit Center. Stephen Plourde and Wade McDevitt of the McDevitt Company represented Urban Outfitters. [more]

From left: Jeff Sutton and 100 West 125th Street

Preppy teen clothing retailer American Eagle has inked a lease for a Harlem location, the New York Post reported. The store has taken 8,500 square feet on the ground level of the Jeff Sutton-developed 100 West 125th Street. Rents on the ground floor cost $160 per square foot; the Post said that the 15-year deal should rake in $30 million during its term. [more]

Jeff Sutton and the Roxy Deli building

Wharton Properties President Jeff Sutton has added the Roxy Deli building at 1565 Broadway to his retail portfolio, in a $30 million deal, the New York Post reported. [more]

Joe Sitt, Jeff Sutton and Faith Hope Consolo

Commercial real estate brokers are livid that the city’s big  landlords are disregarding the broker’s “exclusives” with retailers by attempting to land tenants on their own, sources told the New York Observer. Large retail owners, including  Joe Sitt and Jeff Sutton, are being accused of “skipping the middle man,” which is “totally not kosher,” a president of a top city brokerage told the Commercial Observer. “It puts the retail brokers in a difficult spot and it is morally incorrect.” [more]

Source: The Real Deal analysis of Real Capital Analytics properties categorized as retail

SL Green Realty added to its retail portfolio with the $122.3 million acquisition of store space in Soho, the ever-trendy neighborhood that has seen record-breaking levels of sales over the past year. [more]

Barry Gosin, Joe Sitt, Jeff Sutton 560 Broadway and  Jeff Sutton

Wharton Properties President Jeff Sutton and Thor head Joseph Sitt are linking up to buy out a minority stake in 560 Broadway, a prime Soho commercial building on the corner of Prince Street. [more]

From left: Joe Sitt, Abe Goldstein, Jeff Sutton and 529 Broadway

Over the past several years, some of the city’s top retail investors had been eyeing a small, down-in-the-tooth property at the corner of Spring Street and Broadway in Soho. Among its suitors: Vornado Realty Trust, SL Green Realty, Invesco and Crown Acquisitions. [more]

From left: Jeff Sutton, 529 Broadway and Joe Sitt

Two of the city’s most active retail investors, Jeff Sutton and Joseph Sitt, have partnered to buy 529 Broadway, a centrally located commercial property in Soho, for about $150 million, several sources said. [more]

From left: Jeff Sutton and 45 Remsen Avenue (credit: PropertyShark)

Retail landlord Jeff Sutton filed a lawsuit yesterday with the New York State Supreme Court against a Brownsville, Brooklyn funeral home — ostensibly over some $52,000 in unpaid rent. The tenant, the David Lane-Floyd Gilmore Funeral Service, was evicted, but there’s a hitch.

Not everybody from the 36,000-square-foot premises has been vacated — namely an unknown number of cadavers; the dead bodies were to have been removed by August 31, but the suit alleges that the human remains are still inside the defunct funeral parlor. [more]

1552 Broadway billboards

Before Jeff Sutton transformed it into the darling of Manhattan retail, a Times Square retail building was part of a property tax-saving scheme, the New York Post reported. Between 2005 and 2010, 1552 Broadway, which Sutton purchased last year with SL Green Realty and lured Express as an anchor tenant, raked in millions from unregistered billboards.

Because the owners, 1552 Broadway Owner Corp LLC (previously reported to be the Riese Organization restaurant group) failed to file the ad spaces with the city’s Department of Finance, they were never factored into the buildings valuations, and in turn, its tax bill. [more]