CB Richard Ellis/Whittier Partners negotiated the sale of Heritage on the Merrimack, a 240-unit apartment community in Bedford, N.H. The property sold for $28.4 million. Cornerstone Real Estate Advisers LLC purchased the property from SSR Realty Advisors Inc. Heritage on the Merrimack was built between 1999 and 2000, and consists of eight garden-style apartment buildings. The class A property contains a mix of one-bedroom and two-bedroom units with an average unit size of 953 square feet. All units include washer/dryers, have 9-foot ceilings, balconies and select units have fireplaces. The community amenities include a clubhouse/leasing center, fitness facility, heated outdoor swimming pool, media room, business center, covered parking and surface parking. CB Richard Ellis/Whittier Par...
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