### CBRE Arranges Sale of Luxury Slate at Merrimack Apartments
A CBRE team led by Simon Butler, Biria St. John, and John McLaughlin facilitated the sale of Slate at Merrimack, a 224-unit luxury apartment community in Merrimack, NH. The property, which is entirely market-rate, is located across from Fidelity Investments’ one-million-square-foot campus. While the sale price was not disclosed, the transaction highlights strong demand for high-quality multifamily properties in the region.
CBRE exclusively represented the seller, LeCesse Development Corporation, a multi-state developer and owner of multifamily properties. The team also secured the buyer, a real estate investment company specializing in the acquisition, development, and management of multifamily and commercial properties.
“We are pleased to have represented the seller in the sale of The Slate at Merrimack,” said Butler. “The community is strategically located just off Route 3, directly across from Fidelity Investments’ Merrimack Campus and adjacent to the Merrimack Premium Outlets. Given the quality of execution, lack of supply, and the dynamic Southern New Hampshire economy, this community should outperform in the market.”
