Grand Prairie Distribution Center
Industrial property in Grand Prairie, TX · sponsored by JLL Exchange (JLLX)
Grand Prairie Distribution Center was a DST sponsored by JLL Exchange (JLLX) that owned an industrial property in Grand Prairie, TX (277,000 sq ft). Its last Form D, filed Apr 17, 2025, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Apr 17, 2025, reports the offering fully sold.
Key facts
- Minimum investment
- $75,000From the Form D
- Offering size
- $62,018,284Equity offered, per the Form D
- Sold
- 100%Form D, Apr 17, 2025; the % is our arithmetic
- Investors reported
- Form D, Apr 17, 202539
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,231,476 · 5.2% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
- 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 →
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Ask a 1031 specialist about this recordFree. About: Grand Prairie Distribution Center. Top1031 is not a broker-dealer.What did the Trust own?
The Trust holds two Class A distribution warehouses on West Trinity Boulevard in Grand Prairie, Texas, in the Dallas-Fort Worth industrial market. JLL Income Property Trust announced the purchase of the larger building in February 2014. 3 It added the neighboring 145,000-square-foot facility in June 2019. 4 A June 30, 2026, filing by JLL Income Property Trust lists both addresses, 3325 and 3324 West Trinity Boulevard. 2
- Reported location
- Grand Prairie, TX
- Property size
- 277,000 sq ft
How was it financed, and what did it cost to sell?
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
- $3,231,476 · 5.2% 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
- 11 named in the Form D
Show the firms
- Commonwealth Financial Network · CRD 8032
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- Janney Montgomery Scott LLC · CRD 463
- LPL Financial LLC · CRD 6413
- LaSalle Investment Management Distributors, LLC · CRD 157625
- RBC Capital Markets, LLC · CRD 31194
- Realized Financial, Inc. · CRD 22333
- Robert W. Baird & Co. Incorporated · CRD 8158
- Rockefeller Financial LLC · CRD 291361
- Saxony Securities, Inc. · CRD 115547
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jun 3, 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 the Trust?
JLL Exchange (JLLX) is the 1031 exchange program of JLL Income Property Trust, which has placed properties it owns into Delaware statutory trusts, a structure that lets exchange investors hold fractional title. The Trust's Form D, the SEC notice filed for a private offering, names JLL Exchange TRS, LLC as sponsor and depositor and LaSalle Investment Management, Inc. as manager and signatory trustee. 5
- Sponsor
- Offerings on record
What does the SEC record show?
Amendments tracked sales through the raise, and the last one reduced the stated offering amount to match what had already been sold. The Trust reported June 3, 2024, as the date of its first sale. 5 Interests were offered privately, to accredited investors, without general advertising.
- Legal Trust name
- JLLX Grand Prairie Distribution Center, DST
- SEC CIK
- 2023645
- First Form D
- May 16, 2024
- Latest Form D
- Apr 17, 2025
- Filings on record
- 14
- 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 | Minimum | Filing on SEC EDGAR |
|---|---|---|---|---|---|---|
| Form D/A | $62,018,284was $64,629,529 | $62,018,284 | 39 | $75,000 | EDGAR | |
| Form D/A | $64,629,529 | $62,018,284+$2,593,909 | 39+2 | $75,000 | EDGAR | |
| Form D/A | $64,629,529 | $59,424,375+$3,067,354 | 37+3 | $75,000 | EDGAR | |
| Form D/A | $64,629,529 | $56,357,021+$3,914,672 | 34+3 | $75,000 | EDGAR | |
| Form D/A | $64,629,529 | $52,442,349+$2,668,267 | 31+1 | $75,000 | EDGAR | |
| Form D/A | $64,629,529 | $49,774,082+$7,712,609 | 30+3 | $75,000 | EDGAR | |
| Form D/A | $64,629,529 | $42,061,473+$5,496,023 | 27+5 | $75,000 | EDGAR | |
| Form D/A | $64,629,529 | $36,565,450+$10,747,797 | 22+5 | $75,000 | EDGAR | |
| Form D/A | $64,629,529 | $25,817,653+$520,433 | 17+2 | $75,000 | EDGAR | |
| Form D/A | $64,629,529 | $25,297,220+$18,776,321 | 15+9 | $75,000 | EDGAR | |
| Form D/A | $64,629,529 | $6,520,899+$1,215,110 | 6+2 | $75,000 | EDGAR | |
| Form D/A | $64,629,529 | $5,305,789+$3,755,180 | 4+3 | $75,000 | EDGAR | |
| Form D/A | $64,629,529 | $1,550,609+$1,550,609 | 1 | $75,000was $500,000 | EDGAR | |
| Form D | $64,629,529 | $0 | $500,000 | EDGAR |
Show all 14 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 Grand Prairie Distribution Center?
- Grand Prairie Distribution Center is a Historical offering. The last Form D, filed Apr 17, 2025, reports the offering fully sold.
- What does this Trust own?
- It owns two Class A industrial distribution buildings in Grand Prairie, Texas, in the Dallas-Fort Worth area, at 3325 and 3324 West Trinity Boulevard. JLL Income Property Trust's June 30, 2026, quarterly filing lists the two buildings at 277,000 square feet and 145,000 square feet. The sponsor's October 8, 2024 announcement described the offering as comprising two Class A industrial distribution facilities.
- Who is the tenant?
- Fruit of the Earth, Inc. is the tenant. In its October 8, 2024 announcement, JLL Income Property Trust said both facilities were 100% leased to and occupied by the company.
- Who sponsors the offering?
- JLL Exchange (JLLX) sponsors it. The Form D names JLL Exchange TRS, LLC as sponsor and depositor and LaSalle Investment Management, Inc. as manager and signatory trustee. JLL Exchange is the 1031 exchange program associated with JLL Income Property Trust.
- When were the buildings acquired?
- JLL Income Property Trust announced in February 2014 that it had acquired the 277,000-square-foot Grand Prairie Distribution Center warehouse, and announced the purchase of a second, 145,000-square-foot Grand Prairie-area distribution facility in June 2019.
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.