Greystar Real Estate Partners broke ground on a two-building student housing development at Merrimack College. The project, a result of a public-private partnership, is composed of 540 beds on the school’s North Andover, MA campus. The new residence halls represent the largest increase in Merrimack’s on-campus housing stock since 2015. 

Upon completion in Fall 2026, the two four-story residence halls designed by Cube 3 will deliver 540 new beds to Merrimack’s campus. The first residence hall will contain traditional-style student housing, totaling 79,600 square feet and 351 beds. The adjacent 61,300-square-foot residence hall will offer 189 beds through suite-style units. 

“Greystar is proud to support Merrimack College with new on-campus living options for students,” said Gary Kerr, senior managing director of development at Greystar. “For many, communal living is a quintessential aspect of the college experience, and these buildings will offer attractive housing that will foster learning and growth.” 

Merrimack Village LLC has acquired Merrimack Village Center, an 82,292-square-foot neighborhood shopping center in Merrimack, NH., from CP Merrimack LLC for $16.6 million.  

The center, constructed in 2006 on over 10 acres, is located adjacent to Everett Turnpike. The property was 99% occupied at the time of the sale, with tenants including Shaw’s, the State of New Hampshire liquor store, and McDonald’s. 

Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and facilitated the transaction with the buyer. “The property generates a risk-averse stream of revenue as 80% of the space is occupied by the Shaws grocery store, the State of New Hampshire liquor store and a McDonalds,” said Jim Koury, the IPA senior managing director who led the marketing process.