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Jeff Sutton is going small with his latest endeavor, a miniscule Soho property lease designed to generate cash through retail rent and a redeveloped group of residential units. Wharton Properties signed a 35-year ground lease to take over 78 Greene Street from long-time landlord Robert Zeisel, PincusCo reported. Financial terms of the deal for the six-story, 14,000-square-foot property were not disclosed. The lease was revealed in a memorandum published to public records days before Christmas. The lease doesn’t technically begin until the first day of 2026, but it will run through the end of 2061. Zeisel could not be reached […]

This article originally appeared on The Real Deal. Click here to read the full story.

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