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Last updated on Friday, March 27, 2015, 10:33 am

Centerton Townhouses Ring Up $3.65 Million Sale (REAL DEALS)

(February mortgage reports are available here). A 64-unit townhouse development in Centerton recently sold for $3.65 million. PBS Properties LLC of Cabot, led by Paul Schmidt Jr., bought the properties on 16 lots on Meadowlands Drive, south of Arkansas Highway 102. Hilltop Properties LLC, led by Cliff Cabaness, was the seller. Community First Bank in Pea Ridge provided financing. Waco Title Co. of Springdale was the title agent. Hilltop acquired the properties, built in 2006, from Meadowlands LLC, led by Bill Lazenby, in November 2010. Lazenby bought the land (39 lots) in June 2005 for $1.54 million. Summit Ridge Development Inc., led by Robert Kyle Engler II, was the seller.   Decatur Deal A six-building, multifamily development in Decatur has a new owner after a $1.85 million sale. Decatur... [ MORE ]

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