Glendale Distribution Center
Legal trust name JLLX Glendale Distribution Center, DST
Talk to a 1031 specialistData updated Apr 14, 2026
Offering size$99.8M
Asset typeIndustrial
LocationGlendale, AZ
FinancingNot disclosed
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitNo
First filedSep 18, 2025
Last filedApr 14, 2026
Minimum$75k
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.
JLLX Glendale Distribution Center, DST is a Delaware statutory trust sponsored by JLL Exchange (JLLX), the 1031 program tied to JLL Income Property Trust. It holds Glendale Distribution Center, a roughly 1,023,610-square-foot Class A industrial warehouse at 8900 N. Sarival Avenue in Glendale, Arizona, built in 2023 and located in a Foreign Trade Zone along Loop 303. The building is fully leased to PUMA on a long-term triple-net lease with 3.25% annual rent escalations. JLL Income Property Trust acquired the property for about $140.2 million on or about July 31, 2025, funding it with a $90 million down payment and $50 million of senior debt.
100% leased to Puma N.A. thru 3/31/38, 3.25% esc; bought 7/29/25 $140.2M; $50M mtg 5.04%; min $75k; $94.7M/$99.8M sold
1,024,000 SFBased on issuer-filed Form D notices through Apr 14, 2026. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount95.0%
Capital sold, per latest Form D$94,711,418
Remaining amount reported in latest Form D$5,124,378
Investor count reported in latest Form D57
Stated minimum investment$75,000
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First filedSep 18, 2025
Latest filingApr 14, 2026
Filings tracked2
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Property and tenant
Glendale Distribution Center is a roughly 1,023,610-square-foot Class A industrial warehouse at 8900 N. Sarival Avenue in Glendale, Arizona's Southwest Valley submarket, built in 2023 with 40-foot clear heights, expansive truck courts, above-market power capacity, and a Foreign Trade Zone location at Loop 303 1. The City of Glendale confirmed PUMA opened the distribution center in 2024, describing it as roughly doubling the company's North American order-fulfillment capacity 2. The building is fully leased to PUMA on a triple-net lease with 3.25% annual rent escalations; independent reporting states PUMA signed a 15-year lease about three years before the sale 34.
Acquisition and financing
JLL Income Property Trust acquired the property from Clarius Partners for $140.2 million, funding it with a $90 million down payment and $50 million of senior debt from Thrivent Financial for Lutherans, closing on or about July 31, 2025 43.
Sponsor and parent
The DST is sponsored by JLL Exchange (JLLX). Its portfolio parent is JLL Income Property Trust (formerly LaSalle Income Property Trust), a publicly registered daily-NAV REIT with about $6.5 billion in assets; as of June 30, 2025 industrial holdings were roughly 33% of the portfolio, or about $2 billion across 58 properties 5.
Offering
An issuer-filed Form D/A dated April 14, 2026 reported a total offering amount of $99,835,796 with $94,711,418 sold as of that filing date 6. Top1031's structured record classifies the offering at about 95% sold, first filed September 18, 2025 and last filed April 14, 2026 7.
In the news
Frequently asked questions
Is Glendale Distribution Center currently active?
Glendale Distribution Center is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Glendale Distribution Center?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.