NEW YORK, Sept. 24, 2013: Wharton Equity Partners Takes Control of 2.2 Acre Development Site in Downtown Miami | PRNewswire | Rock Hill Herald Online

/PRNewswire/ — Wharton Equity Partners has taken title to one of the largest remaining undeveloped parcels of land in the Miami CBD, a full city block comprised of approximately 2.2 acres.  The property was acquired through a deed in lieu of foreclosure on a note that Wharton Equity purchased from IberiaBank earlier in 2013.  The note was acquired with an institutional partner in an "all cash" transaction that closed in under 30 days from contract signing.  The partnership has begun evaluating options for the property including development, joint venture and/or sale.