About Us

At Weddle Real Estate Investments, we spearhead commercial real estate projects to improve communities and reward investors with strong returns. Our financial savvy, rigorous approach, and wealth of experience allow us to consistently deliver. We focus on developing high-quality multifamily and student housing properties in growing cities, helping your investment and the communities in which we work to reach their full potential.

Leadership

Andrew Weddle

Principal/Managing Director

Andrew Weddle has strong ties to Columbia, South Carolina and is excited to work on another project in the growing city. He completed undergraduate studies at the University of South Carolina, graduating with honors, and began his career with Columbia based Edens & Avant.

After earning an M.B.A. in real estate finance from the Wharton School at the University of Pennsylvania, Andrew led a team of mortgage acquisition specialists in the Palm Beach, Florida office of Ocwen Financial. He later served as the managing director and was a partner of Diversified Development, Inc. (DDI), a Columbia based developer of office and industrial properties in North and South Carolina. At DDI, he acquired a distressed, mostly vacant office park (Westpark Office Park) and formulated a strategy to generate significant development demand to revitalize the park.

Later, Andrew was instrumental in the redevelopment of the historic Olympia Mill Village, in downtown Columbia, SC. As managing member of Olympia Partners, he purchased 100% ownership of the Mills and implemented his adaptive reuse vision of the 100-year-old Granby and Olympia mills into loft apartments valued at $80 million.

Andrew is a partner in Progress Student Living, a company founded by Dave Douglas (Douglas Development of Aynor, SC), a well-respected and prolific developer of affordable housing. Weddle was also a principal of HighBridge Properties in San Francisco.

Andrew holds a South Carolina real estate license with Al Saad of A.L. Saad & Companies.

James C. "Jim" Shine

Partner/Managing Director

Jim Shine has 18 years of real estate development experience in Columbia, S.C. Like principal Andrew Weddle, he played a key role in the redevelopment of the historic Olympia Mill Village. He helped build community support for the project and secured the requisite entitlements to develop the sites.

Jim’s background includes 30 years in city, county, state, and federal government as a public administrator and criminal justice system executive. He has served as Deputy State Director for the South Carolina Department of Social Services, First Deputy Commissioner for the City of New York Department of Corrections, and First Deputy Commissioner for the City of New York Department of Probation. Jim was the first director of the American Prosecutors Research Institute. He was also Executive Assistant & Special Counsel and Acting Deputy Associate Administrator, in the Office of Juvenile Justice and Delinquency Prevention (OJJDP) of the Law Enforcement Assistance Administration (LEAA) in the US Department of Justice.

Jim holds a J.D. from the University of California, Hastings College of Law; an MPA from the John F. Kennedy School of Government at Harvard University; and a B.A. in political science from the University of California, Berkeley. He Also holds a real estate license in South Carolina.

Our Work

TD Bank Building

Columbia, SC

As a principal from Weddle Real Estate Investments, Andrew played a key role in this project which laid the groundwork for Columbia’s Main Street revitalization. The property, once a vacant Belk department store, was redeveloped through a public private partnership with the City of Columbia. Now a core part of Columbia’s Main Street district, its primary tenants are TD Bank (formerly Columbia First Bank) and the Adams Reese LP law firm.

Serving as a consultant to the developer, Foster Saad, Weddle helped evaluate the feasibility of the development, re-engineer the plans to improve the project’s economics, and negotiate leases for inaugural tenants. He also helped raise investor equity and secured senior and mezzanine debt to capitalize the development.

TD Bank Technology and Operations Center

Lexington, SC

Andrew developed this 100,000 square foot data center through a joint venture with his partner at DDI, Charles Small. The property was constructed on time and on budget and was ready for occupancy in less than 12 months.

Weddle negotiated a lucrative, absolute net lease to help source construction financing. The site was secured using a complex 50-year ground lease and upon completion, the building was sold to the tenant, TD Bank.

Designed to house the operations and central computer systems of Carolina First (now TD Bank), the single-story facility is of tilt-up construction and can withstand hurricane force winds. It features dual power feeds from separate power grids, triple redundancy on telecommunication lines, raised flooring, and a high security monitoring system.

Olympia and Granby Mills

Columbia, SC

This adaptive re-use project retained the historic, red-brick facades of these century old textile mills in downtown Columbia, S.C. Completed in 2005, Granby Mill is home to 146 luxury apartments. Olympia Mill, completed in 2006, houses another 200 luxury rental units. Both properties cater primarily to students of the University of South Carolina.

Andrew and Jim acquired the mills with the intent of redeveloping them for residential use, initiated and oversaw predevelopment activities, and obtained the requisite entitlements for construction. The Weddle Real Estate Investments team successfully re-routed 600 quarry trucks that roared in front of the Mills every day. Shine and Weddle worked with the Governor’s office to create a fee-in-lieu solution to fund an alternate road within Vulcan Materials property and out of the Olympia neighborhood.

With help of his longtime friend and former professor, Dr. Peter Linneman, Andrew sold the Mills to principals of PMC, a pioneer in redevelopment projects across the United States. PMC’s leaders shared Jim and Andrew’s vision and saw the Mill project as a catalyst for transforming a long-neglected industrial area into a thriving residential neighborhood.

Progress 910

Wilmington, NC

As a partner in the Progress Student Living joint venture, Weddle Real Estate Investment’s Andrew Weddle helped develop Progress 910, a 168-unit student-housing community near the University of North Carolina Wilmington. He played a lead role in acquiring the site, structuring a complex 70-year ground lease, securing entitlements, and ensuring construction was completed on time and on budget. He also, worked with local government agencies and community leaders to build support for the project.

Progress 910 consists of three four-story residential buildings located on a 16-acre site near the main entrance to the UNCW campus. It is the first off-campus student-housing community in Wilmington with four-bedroom apartment suites. Property amenities include an outdoor, resort-style pool with poolside cabanas; a 24-hour, state-of-the-art fitness center; an activity room with a fireplace, lounge areas, and billiards and ping-pong tables; and a secluded cybercafé and study lounge.

Kerr Station Lofts

Wilmington, NC

On January 8, 2019, Andrew Weddle and Jim Shine delivered the final iteration of a fully entitled student housing site called Kerr Station Lofts. Sited on 9.29 acres, Kerr Station Lofts is conditionally zoned to house 5,000 square feet of commercial space, 120 multifamily dwelling units, and 31 townhomes. The site is minutes away from the campus of the University of North Carolina Wilmington and features a total of 495 beds.

Weddle Real Estate Investment’s unique mix of three and four story buildings surrounded by 2-story townhomes provides residents with a variety of floor plans while increasing tenant retention and long-term occupancy.

Weddle and Shine successfully navigated many development challenges including assembling 6 separate parcels, de-tenanting a 60,000sf shopping center, managing nearby environmental contamination, developing a new city road connection for more efficient egress/ingress, and fully rezoning the property to allow for height and density increases.

Weddle Real Estate Investments tapped CA Ventures as its development partner. Construction begins in March 2019.

Contact Us

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