Ardenwood Portfolio
Life sciences / R&D property in Fremont, CA — sponsored by JLL Exchange (JLLX)
Files with the SEC as JLLX Ardenwood I, DST
Minimum investment
$75k
Offering size
$32.8M
How much has sold
100.0%
Asset type
Life sciences / R&D property
Location
Fremont, CA
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Ardenwood Portfolio combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
Show sources (6)Hide sources (6)
These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
- Reported location
- Fremont, CA
- Property size
- 132,000 sq ft (portfolio total); 72,500 sq ft (this building)
How did it end?
Converted to REIT units (721 exchange)
JLLX Ardenwood I was part of the Ardenwood Portfolio full-cycle completed via 721 UPREIT into JLL Income Property Trust, as announced in JLL Exchange's April 17, 2024 press release 'JLL Income Property Trust Completes Full Cycle Transactions in DST Platform'.
Two-property life sciences / R&D portfolio in the Ardenwood submarket of Fremont, CA totaling ~132,000 sq ft (72,500 sq ft at 34175 Ardenwood Blvd + ~44,000 sq ft at 34801 Campus Dr); 100% leased to three tenants in life sciences, medical devices and electronics R&D; weighted-average lease term >6 years; built 1990; acquired April 2021 for $82 million and re-pooled into JLLX Ardenwood DST under JLL Exchange; $90 million offering fully subscribed September 2023.
132,000 sq ft (portfolio total); 72,500 sq ft (this building)Supporting evidence
Who's behind it?
- Sponsor
- JLL Exchange (JLLX)
- Legal Trust name
- JLLX Ardenwood I, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 6 active / 20 total offerings from JLL Exchange (JLLX)
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 8
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to Ardenwood Portfolio?
Top1031 lists Ardenwood Portfolio as historical. It is no longer raising money.
Where does Top1031 get the data for Ardenwood Portfolio?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Chapter 7Ardenwood Portfolio — Property ProfileSponsor property profile listing the Ardenwood Portfolio as a 132,000 SF, 100%-leased, two-building life-science/R&D campus in Fremont, CA. JLL IPT Fully Subscribes $90M Life Sciences OfferingConnect CRE coverage of JLL Income Property Trust's full subscription of the $90 million, two-property life sciences DST in Fremont, California. Strong life sciences demand fuels $82M sale of Fremont LabsJLL Capital Markets announced the $82 million sale of Fremont Labs (Fremont Technology / Life Sciences portfolio), a Class A life sciences property in Fremont, California.