Updated Oct 5, 2026
Waterstone Properties Group Acquires Commercial Asset In Matthews For $87 Million
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 commercial property located at 1814 Windsor Square Drive in Matthews, NC, was transacted for a total of $87,000,000. This asset encompasses a size of approximately 656,078 square feet, resulting in a price per square foot of $132.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $87,000,000
- Buyer: Waterstone Properties Group
- Buyer Representative: Neal Shalom
- Seller: Hackney Real Estate Partners
- Broker: Morgan Hall
- Brokerage Firm: Berkeley Capital Advisors
Neal Shalom represented Waterstone Properties Group in the acquisition of the property, while Morgan Hall from Berkeley Capital Advisors acted as the broker for this transaction, representing the interests of Hackney Real Estate Partners as the seller.
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