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 properties, he owns a nationwide network of warehouse and distribution facilities in excess of 30,000,000 square feet.
Josh Levy, Waterstone’s co-founding Principal, is actively involved in all facets of the company including site acquisition, permitting, and development, with a primary focus on Leasing for Waterstone’s 50+ shopping center portfolio and developing strategic leasing/development initiatives. He is actively involved day-to-day with Leasing and Marketing to serve the community through Waterstone’s projects, and he maintains relationships with retail tenants and brokers throughout the U.S.
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 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. A graduate of Boston College, Josh holds a Bachelor of Science degree and 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, and Boston College TREK. Josh is involved with the Dakshana Foundation in India and has recently become an active supporter of Dana Farber Cancer Center’s Zakim Center and Jimmy Fund.
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.
Currently there are 2 million square feet of new projects under way throughout the US.
Prior to joining Waterstone, Mr. Melchionda founded SRA Capital Partners and continues to direct joint venture operations with the other founding principles of that firm.
Jim Dawley brings over 30 years of industry experience to Waterstone. Jim spent eighteen years as Chief Financial Officer at Petrini Corporation, a real estate development company that focused on commercial and residential properties. Jim was responsible for the overall management of finance, accounting, information systems, administration and human resources and implemented several strategic initiatives including restructuring of their debt portfolio, tax strategies and employee benefits programs. Prior to working at Petrini, Jim worked six years at Aberjona Corporation, a real estate development company catering to the hospitality, office and retail industries where he was Chief Financial Officer. Previously, Jim was a financial officer at Winthrop Financial Associates, one of the premier real estate syndicators and management companies in the country. Serving as Waterstone’s Chief Operating Officer, Jim oversees accounting, finance, marketing, leasing and development operations. Jim received a BSBA and and Masters in Taxation from Northeastern University.
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.
Prior to working with Waterstone, John was Vice President of Development for Tedeschi Realty Corporation, Rockland MA from 1987 until the Tedeschi portfolio was sold in August 2007 for $525 million. John was responsible for over 25 new ground up and redevelopment of existing supermarket anchored neighborhood centers owned by the family.
John’s previous Real Estate experience was at The Stop & Shop Companies Inc. which he joined during college in the 1960’s. He directed the real estate program, pioneering the advent of the Superstore, as Vice President of Real Estate for Stop & Shop Supermarkets. Earlier responsibilities included location research and store development for all retail divisions of the Corporation, including its Bradlees Department Store chain.
John has a BS degree in Business from Northeastern University and earned a MBA degree from the University of Massachusetts –Amherst, MA. Mr. McWeeney has been active in the ICSC, most recently being State Director for MA, NH, ME, VT, and RI. He is a past President of the Boston Chapter of NACORE. He is a member of Lambda Alpha -Boston Chapter and the Greater Boston Real Estate Board. He is a licensed Real Estate Broker in MA. John is a Board Member of Co-operative Elder Services, Inc. and has served as a municipal official in Lexington for over 25 years.