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MIAMI-Wharton Equity Partners of New York City reports it 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 firm states that the property was acquired through a deed in lieu of foreclosure on a note that Wharton Equity purchased from IberiaBank earlier this year. The note was acquired with an institutional partner in an “all cash” transaction that closed in under 30 days from contract signing. No financial terms of the transaction were released.

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