Jeff Sutton

Jeff Sutton kept the good times rolling after his $1.8 billion in sales of three retail properties on Fifth Avenue in 2023 and 2024.

Sutton’s Wharton Properties closed $374.3 million in sales in 2025 and year-to-date in 2026, and made $92.7 million in new acquisitions over the same period while landing major financing deals for its existing portfolio in New York City and South Florida.

Wharton’s biggest deal was the $72.5 million acquisition of 112 Northeast 41st Street in Miami, which was purchased in a joint venture with Todd Rosenberg’s Pebb Capital and Ethan Leavitt’s Lane Capital Partners, while his highest-grossing disposition was the $222 million sale of Manhattan’s 529 Broadway to Ikea.

Sutton also nabbed a $176 million loan for 1551 Broadway, which is leased to Mega Evolution, the developers behind Pokemon Go. He also scored a $100 million refinancing from Jeff Krasnoff of Rialto Capital for 100 West 125th Street in Harlem, home to Manhattan’s northernmost Whole Foods location and leased to a swath of tenants such as TD Bank.

Those two financing deals may have bumped Wharton’s total debt added since the beginning of 2025 — $334.6 million — to just about equal to what he sold, but the majority of the loans taken out by Sutton’s firm were relatively small and few by comparison

Sutton remains closely tied to SL Green Realty’s Marc Holliday as well, offloading 690 Madison Avenue for $54.5 million in March to Swiss luxury fashion retailer Richemont. Wharton and SL Green owned the building in a joint venture.

On the office leasing front, Sutton found a partnership in a company many thought they had heard the last of not too long ago. WeWork in March 2026 signed a lease for 37,000 square feet across four floors of 511 Fifth Avenue, which Wharton owns alongside Robert Cayre’s Aurora Capital Associates.