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Last updated on Thursday, September 8, 2016, 3:49 pm

Legacy Building in Fayetteville Under Contract, Poised For Sale

Fayetteville real estate firm CBRE Northwest Arkansas has placed the once-foreclosed Legacy Building in downtown Fayetteville under contract, and the sale is expected to close by the end of the month. The seven-story building, built in 2007, sits one block north of Dickson Street and was a notable development of convicted developer Brandon Barber, who pleaded guilty in July 2013 to three charges — conspiracy to commit bank fraud, money laundering and conspiracy to commit bankruptcy fraud — and was sentenced in October 2014 to 65 months in federal prison. CBRE brokers Clinton Bennett and Sterling Hamilton have worked cooperatively the last few months to market the property, which sold at auction to Springdale lender Legacy National Bank in November 2008 for $11.25 million. LNB also... [ MORE ]

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