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Waterstone hires three senior execs to help broaden its portfolio

Al Urbanski
Waterstone's Rock Row
Waterstone's Rock Row is rising from the site of an old rock quarry in Portland, Maine.

Waterstone Properties group has hired a new CFO and two new senior VPs to help it expand from is traditional retail and industrial developments and into office, residential, and mixed-use projects.

Waterstone, which specializes in the creation of shopping centers, is now developing some large-scale mixed-use projects. Its 2 million-sq.-ft. Rock Row project, now under construction in Portland, Maine, will include a concert venue sponsored by Maine Savings, a 12-screen Cinemark location, and a Market Basket supermarket. The first phase is set to open next year. 

The Needham, Mass.-based company’s new senior VP of leasing, Gary Stevens, moves over from Ramco-Gershenson Properties Trust and had a long career working in leasing and development for retail chains such as Sears. Staples, Ahold, and Life Time Fitness.  

New senior VP of construction Ken Mahtesian has more than two decades of experience managing projects for Shaw’s Supermarkets and Santander. Most recently, he was director of project management at CBRE Global Workplace Solutions.

New CFO Bill Comeau served in senior real estate industry finance roles with WeWork, C-III Capital and DLC Management Corp.

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