Waterstone Properties Group is a real estate development company headquartered in Needham, Massachusetts with offices in Spartanburg, South Carolina and Rochester, New Hampshire. Our leadership team of real estate professionals brings deep hands-on experience and breadth of knowledge that translates into superior service, added value and effective long-term strategies for each of our assets.
Primarily located in Eastern United States, our portfolio includes office, residential, medical and warehousing/logistics facilities with a strong focus on mixed use and retail developments. With a portfolio of more than 300 national and local businesses, Waterstone prides itself on maintaining longstanding, collaborative relationships with our tenants and community partners.
With more than seven million square feet of existing space and an additional 3+ million square feet under development, Waterstone looks forward to continued growth and success through disciplined investment, deep local market knowledge and capitalizing on our team’s expertise and visionary outlook for future real estate opportunities.View Our Portfolio
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.
Josh Levy is the co-founding Principal of Waterstone Properties Group, the 2nd largest retail developer in New England. Waterstone specializes in mixed use developments, retail, healthcare, office, and Logistic Centers. Josh is actively involved in all facets of the company for Waterstone’s nearly 70 commercial properties. In recent years, Josh has spearheaded Waterstone’s new mixed-use projects including the 2.4M sf flagship experiential development project ROCK ROW in Greater Portland, Maine. Josh is actively involved in fostering partnerships with civic organizations, government officials, brokers, and tenants all to serve the community through Waterstone’s projects, and he maintains relationships with retail tenants and brokers throughout the U.S.
A graduate of Boston College, Josh has pursued continued real estate education through MIT, Boston University, ICSC and CCIM. He has been a guest lecturer at both Harvard University and Boston College, and is a member of the International Council of Shopping Centers, NH ICSC Next Generation Committee, Young President’s Organization, Boston College TREK and sits on the board at Newton Wellesley Hospital in Newton, Massachusetts. Josh is actively involved with the Dakshana Foundation in India and other local Boston organizations.
Mr. Melchionda, Waterstone’s Managing Partner, oversees all aspects of the Company’s operations, including acquisition, financing, development and redevelopment. He directly manages all new business and structured finance transactions for Waterstone’s US portfolio. The company’s investment strategy focus exclusively within the Industrial/Distribution, Retail and High Tech Medical office asset classes.
Michael joined Waterstone as its Managing Director in September 2018. In his role, Michael is responsible for all operations and growth of the Company’s real estate portfolio and oversees the Company’s Leasing, Acquisition, Development, Construction, Legal, Property Management and Marketing teams.
Michael has worked in the real estate industry for more than 25 years. Prior to joining Waterstone, Michael was Senior Vice President of North American Real Estate for TD Bank.
Bill joined Waterstone Properties Group as its Chief Financial Officer in October 2019. In his role, Bill is responsible for overseeing all Finance and Accounting operations including Financial Reporting, Tax Planning, Budgeting and Investor Relations.
Prior to joining Waterstone, Bill served in leadership positions at WeWork, C-III Capital and DLC Management. He has also taught finance courses as an adjunct professor at New York University, lectured at numerous seminars for ICSC and is a Certified Public Accountant.