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This profile was last updated on 12/8/13  and contains information from public web pages and contributions from the ZoomInfo community.


Waterstone Retail Development
Waterstone Retail
145 Rosemary Street Suite K
Needham, Massachusetts 02494
United States

Company Description: Based in New England, Waterstone focuses on grocery-anchored power and non-traditional specialty centers located in the Northeast, Florida, Carolinas, New Jersey,...   more

Employment History

Board Memberships and Affiliations


  • Syracuse University
17 Total References
Web References
Our People, 8 Dec 2013 [cached]
Neal Shalom, Principal
Waterstone's founding Principal, Neal Shalom is one of the region's leading developers of commercial real estate. He has a remarkable record of success in redevelopment, acquisition, leasing, asset management, new construction, and disposition. Neal has deep roots in retail. He began his commercial real estate career as a developer of both outlet and conventional shopping centers throughout the Northeast, then shifted his focus to the acquisition of warehouses, distribution centers, and retail support facilities. At present, Neal is the largest landlord in the United States (by square feet of leased space) for both Staples and Home Depot. In addition to Waterstone's growing portfolio of retail properties, he owns a nationwide network of warehouse and distribution facilities in excess of 30,000,000 square feet.
Leadership, 24 Oct 2013 [cached]
Neal Shalom, Principal Neal Shalom is a Principal and Co-Founder of EIP. Neal began his real estate career in 1980 with a focus on residential rehabilitation and commercial brokerage. In 1983 he founded his own commercial development company, Newmarket Properties, Ltd., that developed and acquired factory outlet and traditional retail shopping centers throughout New England. Neal founded Waterstone Retail, Inc. in 2005, which has developed or acquired more than 30 shopping centers on the East Coast over the course of his career. Neal is a graduate of Syracuse University.
PEDA's Executive Director, Corydon ..., 17 July 2012 [cached]
PEDA's Executive Director, Corydon Thurston, and Neal Shalom, Principal of Waterstone Development stated that a Letter of Intent had been entered into by the parties earlier this year but has remained confidential awaiting the review and consent from GE officials. Because "retail" covers such broad range of uses, it was not allowed, by right, in the 1998 Definitive Economic Development Agreement (DEDA), therefore, GE's preapproval of the developer's proposed use for this site was a prerequisite.
Shalom said, "Now that GE's consent is in hand, I am very excited to announce our investment plans in the City of Pittsfield and move forward with local officials on the planning and design review process for a new mixed use development project.
On Thursday, Waterstone Principal ..., 25 Jan 2013 [cached]
On Thursday, Waterstone Principal Neal Shalom said that the original letter of intent expired "quite a while ago.
Shalom said Waterstone's first proposal, which was announced to great fanfare, fell through when the proposed anchor tenant halted its national expansion plans due to the economy. After conducting extensive research on the amount of available industrial land in certain areas of the Berkshires this time around, Shalom said Waterstone has concluded that the teens parcel is best suited for retail.
"We'd be happy to do manufacturing or warehousing, we actually do more of that than we do retail," said Shalom. "But we've determined the highest and best use, in our opinion, is a retail development on the site.
"People are interested in seeing manufacturing and that would be great here," he continued., 28 Jan 2012 [cached]
Neal Shalom, a principal with Waterstone Retail Development, said he could not reveal who the anchor would be until permitting has been completed.
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