Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler announced the sale of Slate at Merrimack, a 224-unit, 100% market-rate, luxury apartment community located in Merrimack, New Hampshire.
CBRE exclusively represented the seller, LeCesse Development Corporation, a multi-state developer and owner of multifamily properties. The team also procured the buyer, a real estate investment company specializing in the acquisition, development, and management of multifamily and commercial properties.
Slate at Merrimack was built in 2023 and is the standard of apartment living. The community offers market-leading finishes with chef inspired kitchens, spacious layouts, balconies in each unit, and select units with dens. Slate at Merrimack is fully-amenitized with an expansive fitness center, resort-style pool, garage parking, grilling areas, and more.
The property has outstanding access to employment and amenities being located at the entrance to the 40,000 SF Merrimack Premium Outlets and across the street from the Fidelity Investments’ 1 million SF campus.
CBRE’s Simon Butler said, “We are pleased to have represented the seller in the sale of The Slate at Merrimack. The community is strategically located just off Route 3 directly across the street from Fidelity Investments Merrimack Campus and adjacent to the Merrimack Premium Outlets. The community should outperform given the quality of execution, lack of supply and the dynamic Southern New Hampshire.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
