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.

Josh Levy, Principal & Director of Leasing

Josh Levy, Waterstone’s founding Principal, is actively involved in all aspects of our Company’s operations, including acquisition, financing, development and redevelopment. He supervises leasing for Waterstone’s twenty-eight property retail real estate portfolio and develops leasing strategies for our new projects. He maintains relationships with retail tenants and brokers throughout the industry. Working closely with Vice President of Development Doug Richardson, Josh is also leading our Green Building initiative. Before starting Waterstone, Josh served as Chief Operating Officer of a privately held real estate investment company and was responsible for company operations and its $125 million Massachusetts portfolio. Previously, he worked with The Wilder Companies, a retail development, management and leasing firm located in Boston, and also spent four years with TNM Realty. Josh holds a Bachelor of Science degree from Boston College and has received continued real estate education through MIT, Boston University, ICSC and CCIM.

Doug Richardson, Vice President of Development

Doug is a true hands-on development professional, with over twenty years experience in our industry. From his early days as a store planner for Stop & Shop at the height of that company’s aggressive growth period, through thirteen years as Vice President of Architecture for The Flatley Company, Doug has been directly responsible for all aspects of the development process on a broad spectrum of initiatives, including hotel, office, industrial and residential projects as well as retail. Most recently, he spent eight years as a Vice President with Braintree-based Pinnacle Partners & Pinncon Construction. Doug’s core role at Waterstone is directing our company’s development efforts, with a special focus on permitting and critical path construction management. He is also collaborating with Waterstone Principal Josh Levy to spearhead our company’s cutting-edge commitment to sustainable design and construction. Doug holds the ICSC’s Certified Development Design and Construction Professional (CDCP) designation, and he is currently pursuing his Leadership in Energy and Environmental Design (LEED) certification.