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Wharton Properties

500 Fifth Avenue 54th Floor
New York, NY 10110
(212) 573-9001
Website
Wharton-Properties

Wharton Properties is a retail-focused commercial real estate developer and landlord owned and operated by Jeff Sutton, one of the biggest retail property owners in New York. Wharton owns and manages retail properties in some of New York's most important retail locations, such as Times Square, the gold coast of Fifth Avenue, 34th Street near the Empire State Building, and the Fulton Street Mall in Downtown Brooklyn. The company has been on the receiving end of some of the biggest retail leases in city history, such as the $350 million lease from Express at Times Square in 2012, and another $350 million lease for Prada's flagship store on Fifth Avenue in 2013. In 2011, Wharton partnered with SL Green Realty to purchase the retail property at 1552 Broadway (formerly a TGI Friday's) for $136 million.

The firm takes its name from the Wharton School of Business at the University of Pennsylvania, of which Sutton is a graduate.


10/20/17
...week that recommended the Moinian Group, Related Companies, Wharton Properties, KBS and Lightstone Group. All five have seen their yield spread trend downward comparable...

10/18/17
...the Moinian Group, Related Companies, Jeff Sutton’s Wharton Properties, the California-based KBS, and Lightstone Group. In terms of performance, all five have seen...

10/12/17
...NYC megaplayers like Extell Development’s Gary Barnett, Wharton Properties’ Jeff Sutton, the Related Companies and the CIM Group, that also includes smaller and...

09/26/17
...Rendering of 90-02 168th Street (Credit: BRP Companies/Wharton Properties) Jeff Sutton is branching out from marquee Manhattan projects and launching his next big...

09/13/17
...list made their way onto the NOI ranking. Wharton Properties, headed by Jeff Sutton, came  in at No. 2 on that list, with $361.9 million in...

08/30/17
...the billionaire real estate investor and founder of Wharton Properties, is reportedly planning to drop $15 million on his daughter Renee's wedding to Eliot Cohen...

08/22/17
...companies, including the debut of Jeff Sutton’s Wharton Properties. Discount Bank is another firm that tried their hand in this market. Earlier this...

06/29/17
...Iran. SL Green Realty and Jeff Sutton’s Wharton Properties own the long-term leasehold for the retail portion of the property. In June, Nike...

06/23/17
...of the index), Extell Development, Related Companies and Wharton Properties. WeWork will go public, CEO confirms — just don’t ask him when With CEO...

06/21/17
...like Extell Development, Related Companies and Jeff Sutton's Wharton Properties. The index will trade at yields above the general corporate bond market in Israel...

05/23/17
...clients, where attendees included Thor Equities' Joe Sitt, Wharton Properties...

05/22/17
...however. Sometime after 1 a.m., Jeff Sutton of Wharton Properties strolled in with his son Joseph, making a rockstar entrance at the table and...

05/22/17
...cabanas and pool chairs included Jeff Sutton of Wharton Properties, Jeff Winick of Winick Realty Group, Crown Acquisitions' Stanley Chera, Bobby Cayre of Aurora...

05/09/17
...building, which is owned by Jeff Sutton’s Wharton Properties and General Growth Properties. The asking rent was reportedly $4,000 per square foot.  — Kathryn Brenzel...

05/04/17
...demand and low interest rates. Jeff Sutton’s Wharton Properties raised $243 million in January with a 3.9 percent interest rate; David Marx’s Marx Development...

04/17/17
...Eliot Tawil, a principal at Jeff Sutton’s Wharton Properties, donated $50,000 to the Trump Victory political action committee, campaign finance records show. Tawil, who...

03/10/17
...Meridian Capital Group via CO) Jeff Sutton’s Wharton Properties locked down $125 million to refinance its six-story retail building on West 125th Street in...

02/09/17
...venture between SL Green Realty and Jeff Sutton's Wharton Properties to acquire a 49-year leasehold for the retail portion of the tower, as The...

01/27/17
...and Jeff Sutton SL Green and Jeff Sutton's Wharton Properties pulled off a $235 million loan to refinance 724 Fifth Avenue, a 12-story building in the...

12/07/16
...Klett) UPDATED, Jan. 5, 12:23 p.m.: Jeff Sutton’s Wharton Properties obtained a $101 million loan from Signature Bank to refinance its retail building at 21 West...

12/05/16
...t have .” Attendees at the Javits Center included Wharton Properties’ Jeff Sutton, Cushman & Wakefield’s Joanne Podell, Eastern Consolidated’s Adelaide Polsinelli, Meridian...

11/30/16
...earlier Wednesday. SL Green Realty and Jeff Sutton's Wharton Properties own the long-term leasehold for the retail portion of the office building, which spans...

11/30/16
...th Street and Jeff Sutton Jeff Sutton’s Wharton Properties is seeking to raise $100 million on the Tel Aviv Stock Exchange, according to a...

11/26/16
...estate don’t know him, or his company, Wharton Properties. Read the full story from the December 2010 issue here...

11/23/16
...Fifth Avenue for $500 million from Jeff Sutton’s Wharton Properties and General Growth Properties, which had paid $1.8 billion for the entire building earlier in...
Wharton Properties, President
500 Fifth Avenue 54th Floor, New York, NY, (212) 573-6464
Jeff Sutton is the founder and president of Wharton Properties and one of...
  • Event Financing
  • Address 747 Madison Avenue; 29, 40 West 34th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 233,000,000
  • Publication Date 04/01/2017
  • Event Date 02/15/2017
  • Party 1 Wharton Properties
  • Party 2 Tel Aviv Stock Exchange
notes
The retail mogul issued bonds valued at $233 million in the Tel Aviv Stock Exchange, yielding 3.9%, collateralized by an 18-asset portfolio.
  • Event Financing
  • Address 100 West 125th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 200,000
  • Price $ 125,000,000
notes
The firm secured $125 million in balance sheet and mezzanine financing for the retail center.
  • Event Financing
  • Address 724 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 66,000
  • Price $ 235,000,000
notes
The company secured a $235 million loan to refinance three office condominiums.
  • Event Financing
  • Address 661 Eighth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 17,667
  • Price $ 60,000,000
notes
The retail portion of the property refinanced its debt with $60 million.
  • Event Financing
  • Address 21 West 34th Street
  • Neighborhood Koreatown
  • Borough Manhattan
  • Square feet 19,054
  • Price $ 101,000,000
notes
The company secured a $101 million loan to consolidate its previous loans for the retail building.
  • Event Financing
  • Address 529 Broadway
  • Neighborhood SoHo
  • Borough Manhattan
  • Price $ 195,300,000
notes
The company secured a $195.3 million loan.
  • Event Retail Leasing
  • Address 2902 Third Avenue
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 1,100
notes
The company signed a lease.
  • Event Sales
  • Address 275 Bleecker Street
  • Neighborhood Soho
  • Borough Manhattan
  • Price $ 11,000,000
notes
The mixed-use building sold for $11 million.
  • Event Retail Leasing
  • Address 730 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 9,000
notes
The Milan based luxury retailer signed a lease for a new flagship store.
  • Event Retail Leasing
  • Address Fulton Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 1,200
notes
The company signed a lease.
  • Event Retail Leasing
  • Address 2902 Third Avenue
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 800
notes
The company signed a lease.
  • Event Retail Leasing
  • Address 730 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 3,000
  • Price per foot $ 3,683.00
notes
The Italian luxury brand signed a lease for a smaller location with an annual rent payment of about $16.5 million yielding a record price per foot of more than $5,500.
  • Event Sales
  • Address 511 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 160,000
notes
The partnership signed a 99-year triple net lease for the building.
  • Event Office Leasing
  • Address 8 West 38th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,689
  • Publication Date 07/01/2015
  • Event Date 05/22/2015
  • Party 2 Zenga Baruffa
  • Party 2 Brokerage Wharton Properties
  • Event Retail leasing
  • Address 100 West 125th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 40,000
  • Publication Date 07/01/2015
  • Event Date 05/22/2015
  • Party 1 Wharton Properties
  • Party 2 Raymour & Flanigan
  • Event Sales
  • Address 85 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 12,946
  • Price $ 86,000,000
  • Price per foot $ 6,642.98
  • Event Sales
  • Address 85 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 102,991
  • Price $ 86,000,000
  • Price per foot $ 835.02
notes
The retail building sold for $86 million.
  • Event Residential Sales
  • Building Name 325 East 79th Street
  • Address Unit 11E, 325 East 79th Street
  • Unit 11E
  • Neighborhood Yorkville
  • Borough Manhattan
  • Price $ 960,000
  • Publication Date 07/15/2013
  • Event Date 06/26/2013
  • Party 1 Wharton Properties
  • Party 1 Entity Goldstein, Jeffrey
  • Party 2 Cheng, Carmen; Moriarty, Colin
  • Event Retail Leasing
  • Address 100 West 125th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 39,000
  • Publication Date 12/01/2012
  • Event Date 10/22/2012
  • Party 1 Wharton Properties
  • Party 1 Brokerage In-house
  • Party 2 Whole Foods Market
  • Party 2 Brokerage SCG Retail
  • Party 2 Broker Jacqueline, Chase Welles
notes
The grocer signed a lease for another location, the New York Post reported.
  • Event Retail Leasing
  • Address 100 West 125th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 70,000
  • Publication Date 07/01/2012
  • Event Date 05/22/2012
  • Party 1 Jeff Sutton
  • Party 1 Brokerage Wharton Properties
  • Party 1 Broker Wharton Properties
  • Party 2 Burlington Coat Factory
  • Party 2 Brokerage CNS Real Estate
  • Party 2 Broker Cliff Simon
notes
The outerwear retailer signed a 15-year lease for three levels of space at a new shopping center currently under development, the New York Post reported.
  • Event Retail Leasing
  • Address 1552 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 27,000
notes
The apparel retailer signed a 15-year lease for a new store, the New York Post reported. Slated to open in fall 2013, the four-story building will be reconfigured into three stories to allow for higher ceilings, according to the paper.
  • Event Financing
  • Address 717 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 115,630
notes
A $285 million loan over a five-year, interest-only term was provided for the refinancing of the retail condo. retail condo
  • Event Retail Leasing
  • Address 460-464 Fulton Street
  • Neighborhood Battery Park City
  • Borough Manhattan
  • Square feet 3,700
notes
Flagship for combined stores scheduled to open in spring
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313-315 WEST 125TH S
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NAYA PROPERTIES LLC C
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31ST STEINWAY PARTNER
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1552-1560 Broadway is the virtual address of retail properties in Midtown, Manhattan near...
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11 West 34th Street is a low-rise commercial building in Midtown, Manhattan. It...
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121 Greene¾Street is a low-rise, mixed-use residential and retail building in Manhattans Soho...
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650 Fifth Avenue is a 492-foot office skyscraper in Midtown, Manhattan. It was...
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11/11/16
...amp; Fitch look -- $400 million Jeff Sutton’s Wharton Properties closed on a $400 million loan from JP Morgan Chase at 720 Fifth Avenue. The Plaza...

...in its $1 billion loan to Jeff Sutton’s Wharton Properties and General Growth Properties to buy 730 Fifth Avenue. Known as the Crown Building, the...

...City properties that city records show his company Wharton Properties holds. Sutton purchased 91 Ocean Avenue in 2012 for $22.6 million, along with the adjacent plot at...

...Ashkenazy Acquisition, Thor Equities and Jeff Sutton’s Wharton Properties. Vornado Realty Trust ($2.57B) Vornado, the large REIT led by CEO Steven Roth, acquired...

...From left: Jeff Sutton of Wharton Properties, Rockefeller Center and Steven Roth of Vornado Realty Trust The crush of tourists — often...

...firms," said Ruth Colp- Haber, a broker at Wharton Properties. "Typically, they like to attract young people, so they want space that is peppy...
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1565 Broadway is a 4,499 square foot property in the Theater District neighborhood...
Manhattan, 10027
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100 West 125th Street is a 160,624 square foot property in the Harlem...
Manhattan, 10019
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...
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...
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...
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...
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Wharton Properties, WHARTON REALTY, LLC AKA CARLETON
...
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...
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650 Fifth Avenue is a 492-foot office skyscraper in Midtown, Manhattan. It was...
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