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 Partners is a Boston-based joint venture of CB Richard Ellis and Whittier Partners Group with offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We've updated our terms of use.Read them here×