James W. Broemer, President
Jim Broemer serves as the President of WelCor Development, a company specializing in retail development and consulting since its inception in 2004. WelCor not only pursues its own retail projects but also engages in joint ventures with landowners, developers, and REITs to optimize land with retail potential. With almost four decades of experience in real estate, encompassing both lending and development sectors, Jim's expertise is extensive. His tenure in lending includes leadership roles at Merrill Lynch, GMAC, and ICM/Pulte Homes, where he contributed significantly to lending operations and residential development.
Initiating his journey into retail development at Childress Klein Properties in 1994, Jim played a pivotal role in projects like The Arboretum and Franklin Square, managing leasing and construction of adjacent shops. His move to American Asset Corporation as Vice President saw him further his work on these projects and take on Northcross. In 1998, he co-developed Rosedale Commons, an innovative 80-acre mixed-use project in Huntersville, NC. This pioneering TND style project featured a Harris Teeter anchor, alongside residential and office components.
Jim's relocation to Raleigh in 2000 marked the beginning of Brier Creek Commons, an expansive 800,000 square foot power center. This development is a segment of a larger 2000-acre mixed-use project. Jim's role extended beyond Brier Creek Commons as he oversaw the sale and planning of its various components. His tenure with AAC concluded in 2003 when he transitioned to 1st Carolina Properties as a Partner. His notable achievements there include the development of two Wal-Mart adjacent projects and Stonebridge, a collaborative venture with Harris Teeter.
WelCor's endeavors feature a Whole Foods anchored project and a Harris Teeter anchored project, both in partnership with Regency Centers and launched in early 2011. Additional ventures comprise West Point at 751, featuring an ALDI anchor, Bonefish restaurant, dual hotels, and office space; alongside Oleander Point, another Whole Foods anchored development in Wilmington, North Carolina, in collaboration with Kite Realty.
Jim's academic journey culminated with finance studies at the University of St. Thomas in St. Paul, Minnesota, followed by an MBA from Wake Forest University. He balances his professional life with his personal life, being a devoted husband and father to two children.
