Neal Shalom

last updated 5/14/2018

Neal Shalom

Principal at Waterstone Properties Group Inc

322 Reservoir Street, Needham, Massachusetts, United States
HQ Phone:
(781) 559-3301

General Information


Syracuse University

Recent News  

The Executive Team | Waterstone Properties Group

Neal Shalom, Principal
Neal Shalom is Waterstone's founding Principal and 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 one of the country's largest owner of commercial space (based on square feet of leased space) including space leased by both Staples and Home Depot. In addition to Waterstone's growing portfolio of retail and mixed-use properties, he owns a nationwide network of warehouse and distribution facilities in excess of 30,000,000 square feet.

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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.

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A $30 million retail complex with 200 jobs for Pittsfield | William Stanley Business Park

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.

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