Wharton Snags 2.2-Acre Development Site In Downtown Miami

Law360, New York (September 24, 2013, 5:21 PM EDT) -- Wharton Equity Partners has acquired the so-called Burdines Site, one of the largest undeveloped parcels of land in Miami's central business district, through a deed in lieu of foreclosure on a note it purchased earlier this year, the firm announced Tuesday.

Wharton acquired the note giving it title to the 2.2 acres of land with an institutional partner in an all-cash transaction in under 30 days, but the terms of the deal were not disclosed.

The property has been approved for a 2.2 million-square-foot mixed-use project...
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