Updated Oct 2, 2026
Neal Shalom And Richard Greer Of Waterstone Properties Group Acquire Commercial Asset In Matthews For $87M
1814 Windsor Square Drive
$87,000,000
$132/SF
Building Size
656,078 SF
Asset Type
Commercial
Closing
Sep 25, 2026
About this deal
AI
The property asset involved in this transaction is located at 1814 Windsor Square Drive in Matthews, NC. It is a commercial asset spanning 656,078 square feet and was sold for $87,000,000, equating to a price per square foot of $132.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $87,000,000
- Buyer: Neal Shalom & Richard Greer
- Buyer Company: Waterstone Properties Group
- Seller: Hackney Real Estate Partners
- Broker: Morgan Hall
- Broker Agency: Berkeley Capital Advisors
The key individuals involved in the deal include Neal Shalom and Richard Greer, who represent Waterstone Properties Group as the buyers. Morgan Hall from Berkeley Capital Advisors served as the broker representing the transaction.
On the Map
$87,000,000
$132/SF
Commercial
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Players
Matthews Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93