News

Freedom Project

December 2017

Freedom Real Estate and Capital, LLC, was recently selected as the development partner for a build-to-suit project to accommodate Turner Construction Company’s regional operations for north Alabama and southern Tennessee.  The new, multi-million-dollar facility will combine Turner’s existing operations in Huntsville with its fabrication/self-perform operations facility in Decatur.  Groundbreaking is scheduled to occur in first quarter of 2018, with completion and occupancy by January of 2019.  Turner, a North American-based, international construction company with 5,200 employees, has been building in the Huntsville area and throughout Alabama for more than 60 years.  Freedom is delighted to be part of the Turner Construction team in Huntsville.

Freedom Announces Development of the Freedom Center

Freedom Real Estate and Capital, LLC, a real estate investment company, announced their plans to develop the Freedom Center in southeast Huntsville.  The Freedom Center will use previously acquired properties as the cornerstones and will include a newly constructed 10,000 + sq. ft. conference center connecting the building located at 4090 South Memorial Parkway with the building located at 4035 Chris Drive.  When completed, the combined properties will be named the Freedom Center. 

 

The anchor tenant for the property will be Torch Technologies, Inc., Torch, is an employee owned company focused on research, development, and engineering services for multiple Department of Defense agencies. The Freedom Center will serve as the headquarters for Torch, they will fully occupy the space currently located in the 4090 Building. 

 

Invariant Corporation, a custom software design, development, and engineering company will also make Freedom Center its headquarters, occupying space currently located in the 4035 Building. 

 

These innovative companies firmly establish the Freedom Center as an industry leading research, development and engineering services facility.

 

Today is the groundbreaking for construction for a total renovation of the 4090 South Memorial Parkway building and construction of the conference center building.  The 4090 Building will require a major renovation since that building has been unoccupied for the past 5 years.  

 

The 4035 Building currently serves as the headquarters for Torch Technologies, Inc. and Invariant Corporation.  It also serves as the headquarters for the newly formed Freedom Real Estate and Capital, LLC.

 

William Roark, CEO of Freedom Real Estate commented that “We intend to add to the beauty of the existing buildings and create a landmark with the Freedom Center and the surrounding campus.  This project brings much needed revitalization to southeast Huntsville.  This facility will provide immediate access to Redstone Arsenal and should be an asset for companies supporting Redstone”

 

Micah Bullard of Turner Construction commented "We at Turner understand the history and importance of the South Parkway area and are extremely excited to provide all construction services to repurpose Building 4090 into a functional business center for businesses close to Redstone Arsenal. Not to mention the World Class Conference Center that will be completely new and be unlike anything available in this area."

 

Freedom Real Estate is a real estate investment company that develops, redevelops, acquires, manages, and operates its own portfolio of properties.  More information about Freedom Real Estate and Capital, LLC can be found at www.freedomrealestate.biz.

Freedom Announces Acquisition of 4090 South Memorial Parkway and 4035 Chris Drive

November 13, 2014

 

Freedom Real Estate and Capital, LLC, a Huntsville-based real estate investment company, announced today that it has completed acquisition of the properties at 4035 Chris Drive, 4090 South Memorial Parkway, 4070 South Memorial Parkway, and 4080 South Memorial Parkway for an aggregate purchase price of approximately $4.5M. The two 4 story buildings and surrounding properties occupy the full southern corner of Golf Road and South Memorial Parkway.  These properties currently offer over 80,000 square feet of rentable area. The combined properties offer approximately 12 acres of land that will support future development.

 

One of the buildings currently serves as the headquarters for both Torch Technologies, Inc. and Invariant Corproation.   It will also serve as the headquarters for the newly formed Freedom Real Estate and Capital, LLC.

 

William Roark, CEO of Freedom commented that “This is the first acquisition of property for Freedom.  It is a very strategic property with convenient access to Redstone Arsenal and to Southeast Huntsville.  We expect Freedom will continue to invest in the local area in high quality properties with the goal of improving our surrounding community while helping our partner companies grow.  We believe in Huntsville and we are here to help our community grow.”

 

The buildings architecture will be preserved as a multimillion dollar renovation to the properties will update the interior, building mechanicals, and infrastructure and will positively change the look of the campus surrounding the buildings.

 

Freedom Real Estate and Capital is a real estate investment company that develops, redevelops, acquires, manages, and operates its own portfolio of properties.  More information about Freedom Real Estate and Capital can be found at www.freedomrealestate.biz.

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