JLLX Industrial Portfolio, DST
Industrial in Multi-state (5) — sponsored by JLL Exchange (JLLX)
Mapping inferred: O'Hare portfolio joined JLL IPT DST Program Q1'26; 7th bldg 1301 Mittel Dr; min $500k; $0 sold 5/20/26
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These links support the public record as a whole; individual details may come from different sources.
What is this, in one paragraph?
JLLX Industrial Portfolio, DST is a Delaware statutory trust — fractional, passive property ownership that can serve as 1031 replacement property — sponsored by JLL Exchange and offered under Rule 506(b), the private exemption barring public advertising, to accredited investors.1 Sponsor materials describe five industrial buildings in four markets, all leased, to tenants including Daimler Trucks North America and Quanta.2 The minimum investment is $500,000.1
Sponsor-reported, from SEC filings and cited 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?
Sponsor materials name Northport I and Northport II in Fremont, California, and 4337 AllPoints Drive in Whitestown, Indiana, developed in 2023.2 A third-party offering summary adds a Chandler, Arizona building and 200 Thomas Parkway in Jefferson, Georgia.3 The Illinois addresses attached to this record come from an inferred mapping to a separate JLL O'Hare-area portfolio that no reviewed property exhibit confirms. No acquisition date appears in the public record.
- Reported location
- Multi-state (5)
- Property size
- 5 industrial buildings; approximately 1,406,034 rentable square feet
Who is the tenant, and what's the lease?
Sponsor materials report every building fully leased, Quanta entities in Fremont and Daimler Trucks North America in Whitestown.2 A third-party summary adds Stryker in Chandler and Factory Direct Wholesale in Jefferson, and describes an absolute-net master lease to a sponsor affiliate — that affiliate carries the property costs — guaranteed by JLL Income Property Trust's operating partnership.3
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
The Form D names no lender and discloses no loan terms, so the reviewed public record does not establish whether this Trust carries mortgage debt or was capitalized all-cash.1 For an exchanger who must replace debt from a relinquished property, that distinction matters; the PPM — the offering's full legal disclosure document — governs.
Who's behind it?
JLL Exchange TRS, LLC is the sponsor and depositor, described in sponsor materials as an indirect wholly owned subsidiary of JLL Income Property Trust; LaSalle Investment Management, Inc., an affiliate, manages the Trust and serves as signatory trustee.2 JLL Exchange announced on September 3, 2026 that a separate offering, the 12-property JLLX Diversified 11 DST, was fully subscribed at $197 million. AltsWire reported on August 14, 2026 that the same REIT bought a separate 1.1-million-square-foot Whitestown, Indiana warehouse for about $137 million.
- Sponsor
- JLL Exchange (JLLX)
- 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?
A Form D is the short notice an issuer files with the SEC when it sells interests without registering them — a notice, not an approval; here the record shows the initial notice with no amendment since.1 The exemption used bars general advertising and limits buyers to accredited investors, those who meet SEC income or net-worth tests.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- JLLX Industrial Portfolio, DST
- Filings on record
- 1
- 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
Is JLLX Industrial Portfolio, DST still raising money?
The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.
Where does Top1031 get the data for JLLX Industrial Portfolio, DST?
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.
What is JLLX Industrial Portfolio, DST?
It is a Delaware statutory trust, or DST — a structure in which many investors hold fractional beneficial interests rather than deeds, with those interests treated as real property for 1031 exchange purposes, so an exchanger can identify them as replacement property. JLL Exchange (JLLX) is the sponsor platform; sponsor materials identify JLL Exchange TRS, LLC as sponsor and depositor and LaSalle Investment Management, Inc. as manager and signatory trustee.[2] The same materials describe five industrial buildings in four markets totaling 1,406,034 square feet of net rentable area, 100% leased to five tenants.[2] Investors have no management role in a DST.
Where are the properties, and why does this record show Illinois addresses?
Sponsor materials place two buildings in Fremont, California — Northport I at 45225 Northport Court and Northport II at 45630 Northport Loop East — and 4337 AllPoints Drive in Whitestown, Indiana, developed in 2023.[2] A third-party offering summary adds a 104,742-square-foot building in Chandler, Arizona and a 458,640-square-foot building at 200 Thomas Parkway in Jefferson, Georgia.[3] The Wood Dale and Elk Grove Village, Illinois addresses attached to this record come from an inferred mapping to the O'Hare Industrial Portfolio, a separate seven-building Chicago-area group JLL Income Property Trust announced acquiring in 2015. Nothing in the reviewed sources ties that group to this Trust.
Who are the tenants, and how long are the leases?
Sponsor materials identify Quanta Manufacturing Nashville LLC at Northport I, Quanta Manufacturing Nashville LLC and Quanta Computers USA, Inc. at Northport II, and Daimler Trucks North America, LLC as the single tenant in Whitestown.[2] A third-party offering summary identifies Stryker Corporation in Chandler and Factory Direct Wholesale, LLC in Jefferson, the latter under an initial seven-year term ending May 31, 2029, and reports that the portfolio is master leased on an absolute-net basis to a sponsor affiliate whose obligations are guaranteed by JLL Income Property Trust's operating partnership.[3] The leases and the PPM — the private placement memorandum — control.
Is the Trust leveraged?
The reviewed public record does not say. The Form D on file names no lender and discloses no loan terms, so whether the Trust carries mortgage debt or was capitalized all-cash is unresolved from filings alone.[1] This matters to an exchanger who paid off a loan on the relinquished property and needs replacement debt to avoid boot. The sources-and-uses table and debt disclosure in the PPM govern; ask the sponsor or your representative for them.
What is the minimum investment, and what costs appear in the filing?
The Form D filed May 20, 2026 reports a $500,000 minimum investment for an equity offering made under Rule 506(b), the private-placement exemption that bars general advertising and limits sales to accredited investors.[1] The same filing reports sales commissions of $17,736,870. Any other fees — acquisition, disposition, asset management, reserves — appear in the PPM rather than the Form D, and the subscription agreement governs what an individual exchanger may buy.
How much of this record is confirmed by SEC filings?
The basics only. One Form D is on file, filed May 20, 2026, establishing the Trust as a Delaware statutory trust with a Chicago business address, the offering amount, the $500,000 minimum and the Rule 506(b) exemption; it remains the first and latest filing identified.[1] The buildings, tenants and occupancy come from the sponsor's property supplement dated May 26, 2026, and the Chandler and Jefferson details plus the master-lease description come from a third-party offering summary.[2] Research through September 13, 2026 found no primary record of an acquisition price or closing date, no debt terms, and no amendment, disposition or litigation after May 20, 2026.