Early Life
Jeff Sutton was born in Gravesend, Brooklyn, into a Syrian Jewish family. His father was an importer of retail goods, which likely influenced his early understanding of the retail market. In 1981, he graduated from the University of Pennsylvania with a Bachelor of Arts and a Bachelor of Science from the Wharton School.
Rise to Success
Lacking the capital of established real estate families, Sutton adopted a unique strategy. He would identify potential tenants, pinpoint ideal store locations, and then secure leases. His approach proved successful, notably with Payless Shoes in the 1990s and CVS Pharmacy in the late 1990s. This strategy allowed him to build a portfolio of over 120 properties in prime locations across New York City.
Key Business Strategies
Sutton's success hinges on his ability to identify prime locations and secure leases with top-tier national retail chains. He focuses on building strong relationships with these clients, ensuring the long-term success of his properties. He's known for acquiring properties and improving them to maximize their value, a strategy that has made Wharton Properties a dominant force in high-street retail.
Philanthropy
While specific philanthropy amounts are not readily available, Sutton is known for supporting charitable organizations. He has made contributions to educational institutions, medical research, and cultural programs. His contributions also include board memberships at cultural institutions such as the Whitney Museum of American Art and the Museum of Modern Art (MoMA).
