Chandler Distribution Center
Industrial property in Chandler, AZ · sponsored by JLL Exchange (JLLX)
Chandler Distribution Center was a DST sponsored by JLL Exchange (JLLX) that owned an industrial property in Chandler, AZ (211,000 SF). Its last Form D was filed Feb 11, 2025.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Feb 11, 2025.
Key facts
- Minimum investment
- $75,000From the Form D
- Offering size
- $55,922,120Equity offered, per the Form D
- Sold
- 93.8%Form D, Feb 11, 2025; the % is our arithmetic
- Investors reported
- Form D, Feb 11, 202572
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,661,529 · 6.5% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.
Ask a 1031 specialist about this recordFree. About: Chandler Distribution Center. Top1031 is not a broker-dealer.What did Chandler Distribution Center own?
Built in 2016, the two Class A warehouse buildings sit in the Southeast Phoenix submarket, in Chandler, Arizona. JLL Income Property Trust, the REIT affiliated with the sponsor, acquired the center for $31 million in December 2019. 2 Trade reporting at the time of that sale described the buildings as 97 percent occupied. 3 The public materials reviewed do not give a street address.
- Reported location
- Chandler, AZ
- Property size
- 211,000 SF
How was it financed, and what did it cost to sell?
The Form D reports only equity interests and names no lender or mortgage facility, which leaves property-level debt undisclosed rather than confirmed absent. 4 In a leveraged DST, investors take an allocated share of nonrecourse loan proceeds that can count toward replacement-property debt in an exchange; whether that applies here is not established in the public record.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $3,661,529 · 6.5% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 12 named in the Form D
Show the firms
- Commonwealth Financial Network · CRD 8032
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- Independent Financial Group, LLC · CRD 7717
- Janney Montgomery Scott LLC · CRD 463
- Jones Lang LaSalle Securities, LLC · CRD 120738
- LPL Financial LLC · CRD 6413
- LaSalle Investment Management Distributors, LLC · CRD 157625
- Merrill Lynch, Pierce, Fenner & Smith Incorporated · CRD 7691
- Morgan Stanley · CRD 149777
- RBC Capital Markets, LLC · CRD 31194
- Robert W. Baird & Co. Incorporated · CRD 8158
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Sep 17, 2024
- Minimum investment
- $75,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind Chandler Distribution Center?
JLL Exchange is the 1031 exchange platform associated with JLL Income Property Trust. The October 21, 2024 Form D/A names JLL Exchange TRS, LLC as the sponsor of this trust and identifies LaSalle Investment Management, Inc. as a related party. 4 This trust was one of two Delaware statutory trusts in the JLLX Diversified VIII program, which AltsWire reported fully subscribed at $158 million on May 28, 2025. 1
- Sponsor
- Offerings on record
What does the SEC record show?
The trust reported a first sale date of September 17, 2024, roughly two weeks after its initial Form D notice. 5 The filings that follow are periodic updates restating the offering's progress. It was sold privately under the exemption noted below, which bars general advertising and limits purchasers to accredited investors — those meeting SEC income or net-worth tests.
- Legal Trust name
- JLLX Chandler Distribution Center, DST
- SEC CIK
- 2035742
- First Form D
- Aug 30, 2024
- Latest Form D
- Feb 11, 2025
- Filings on record
- 12
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $55,922,120 | $52,472,981+$942,233 | 72+2 | EDGAR | |
| Form D/A | $55,922,120 | $51,530,748+$1,566,913 | 70+4 | EDGAR | |
| Form D/A | $55,922,120 | $49,963,835+$1,908,116 | 66+4 | EDGAR | |
| Form D/A | $55,922,120 | $48,055,719+$7,351,439 | 62+9 | EDGAR | |
| Form D/A | $55,922,120 | $40,704,280+$8,873,607 | 53+14 | EDGAR | |
| Form D/A | $55,922,120 | $31,830,673+$2,013,935 | 39+5 | EDGAR | |
| Form D/A | $55,922,120 | $29,816,738+$2,952,470 | 34+3 | EDGAR | |
| Form D/A | $55,922,120 | $26,864,268+$3,256,626 | 31+6 | EDGAR | |
| Form D/A | $55,922,120 | $23,607,642+$7,289,018 | 25+7 | EDGAR | |
| Form D/A | $55,922,120 | $16,318,624+$2,637,624 | 18+13 | EDGAR | |
| Form D (new notice) | $55,922,120 | $13,681,000 | 5 | EDGAR | |
| Form D | $52,307,567 | $0 | EDGAR |
Show all 12 SEC Form D filings
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
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.
Common questions
- What happened to Chandler Distribution Center?
- Chandler Distribution Center is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Feb 11, 2025.
- What exactly does the Trust own?
- A two-warehouse Class A distribution center totaling 211,000 square feet in the Southeast Phoenix submarket of Chandler, Arizona, built in 2016. JLL Income Property Trust, the sponsor's affiliated REIT, acquired the property for $31 million in December 2019, and reporting at that time described it as 97 percent occupied.
- Who is the tenant?
- Not disclosed in the public record. The trust's SEC filings do not name a tenant, and the sponsor materials reviewed do not identify an occupant, lease term, expiration, or escalation schedule for this trust's property. Tenant and lease detail for a DST is normally set out in the offering documents.
- Is the property financed with a mortgage?
- The public record does not say. The Form D reports equity interests only, selects no debt securities, and names no lender or loan facility — which is not the same as confirming the property is all-cash. Loan balance, lender identity, and any interest-only or amortization terms would be described in the offering documents.
- How big was the offering, and what was the minimum?
- The October 21, 2024 amended Form D reported a total offering amount of $55,922,120 with a stated minimum investment of $75,000 per investor.
- Is there a 721/UPREIT exit?
- The record for this trust shows no REIT conversion feature — a 721/UPREIT exit is one where DST investors contribute the property to a REIT's operating partnership in exchange for partnership units rather than receiving cash. No sale, transfer, conversion, or other completed outcome for this trust had been reported as of September 9, 2026.
In the news
Sources
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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 offering documents before investing.