Top1031

JLLX Industrial Portfolio, DST

9 industrial properties in 5 states · sponsored by JLL Exchange (JLLX)

Active offeringLatest Form D filed May 20, 2026 (opens in a new tab)

JLLX Industrial Portfolio, DST is a DST sponsored by JLL Exchange (JLLX) that owns 9 industrial properties in 5 states. Its latest Form D, filed May 20, 2026, lists a $253.3 million offering with a $500,000 minimum.

Key facts

Minimum investment
$500,000
From the Form D
Offering size
$253,383,866
Equity offered, per the Form D
Sold so far
None reported as of May 20, 2026
Form D, May 20, 2026
Selling commissions
$17,736,870 · 6.9% of offering
Form D Item 15; the % is our arithmetic
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 →

Sales so far

Latest Form D
May 20, 2026 · 1 filing

No sales reported in a Form D amendment yet. Latest notice May 20, 2026.

Weighing this offering for your exchange? A licensed 1031 specialist from our affiliated partner can go through these filings with you.

Ask a 1031 specialist about this recordFree. About: JLLX Industrial Portfolio, DST. Top1031 is not a broker-dealer.

No photo on record. Multiple property locations are on record; no single map.

What does JLLX Industrial Portfolio, DST own?

The sponsor's May 26, 2026 property supplement places the buildings in four markets: Fremont, California, home to Northport I and Northport II; Chandler, Arizona; Jefferson, Georgia; and Whitestown, Indiana. 2 The Wood Dale and Elk Grove Village, Illinois addresses attached to this record come from an inferred mapping to a separate Chicago-area portfolio, not from the Trust's own materials. Neither the Form D nor the supplement states when the properties were acquired.

Property address
1225 Michael Dr, Wood Dale, IL
Property size
5 industrial buildings; approximately 1,406,034 rentable square feet

How is it financed, and what did it cost to sell?

The Form D names no lender and states no loan terms; a notice filing is not a capitalization disclosure, so its silence settles nothing either way. 1 Records reviewed through September 27, 2026 do not establish whether the Trust carries property-level debt — the offering documents control.

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
$17,736,870 · 6.9% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$19,383,866 · 7.6% of offering
Form D Item 16
· The filing’s note: “JLLX Exchange TRS, LLC is required to pay approximately $19,383,866 in costs and expenses related to the offering and acquisition of the properties.”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
Minimum investment
$500,000

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.

What does the SEC record show?

A Form D is the brief notice an issuer files when it sells interests without registering them — a notice, not an approval, and no review of the deal's merits. 1 The private-placement exemption claimed bars general advertising and cold solicitation, limiting purchasers to accredited investors who meet SEC income or net-worth tests.

Legal Trust name
JLLX Industrial Portfolio, DST
SEC CIK
2134252
First Form D
May 20, 2026
Latest Form D
May 20, 2026
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$253,383,866
$0
EDGAR

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

Is JLLX Industrial Portfolio, DST an active offering?
JLLX Industrial Portfolio, DST is an Active offering: its latest Form D was filed May 20, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
What is JLLX Industrial Portfolio, DST?
It is a Delaware statutory trust, or DST — a structure in which 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. The Form D filed May 20, 2026 identifies the issuer under CIK 2134252, claims a Rule 506(b) private-placement exemption, and states a $500,000 minimum investment for an outside investor. The sponsor's May 26, 2026 property supplement names JLL Exchange TRS, LLC as sponsor and depositor. DST investors have no management role in the properties.
Where are the properties, and why does this record show Illinois addresses?
The sponsor's May 26, 2026 property supplement describes five industrial buildings totaling 1,406,034 rentable square feet across four markets: Fremont, California (Northport I at 45225 Northport Court, 117,610 square feet, and Northport II at 45630 Northport Loop East, 119,702 square feet); Chandler, Arizona (6635 West Frye Road, 104,742 square feet); Jefferson, Georgia (200 Thomas Parkway, 458,640 square feet); and Whitestown, Indiana (4337 AllPoints Drive, 605,340 square feet). The Wood Dale and Elk Grove Village, Illinois addresses on this record come from an inferred mapping to a separate Chicago-area group, the O'Hare Industrial Portfolio, which JLL Income Property Trust announced acquiring in September 2015 as a seven-building, roughly 642,000-square-foot set for about $71.5 million. Treat that Illinois mapping as unconfirmed for this Trust.
Who are the tenants, and how long do the leases run?
The sponsor's May 26, 2026 property supplement reports the portfolio 100% leased to five end tenants. Both Fremont buildings are leased to Quanta Manufacturing Nashville LLC, with Quanta Computers USA, Inc. also a tenant at Northport II; the Chandler building is 100% leased to Stryker Corporation under an initial term ending December 31, 2032; the Jefferson building is 100% leased to Factory Direct Wholesale, LLC under an initial term ending May 31, 2029; and the Whitestown building is 100% leased to Daimler Trucks North America, LLC. Records reviewed through September 27, 2026 do not establish the Fremont or Indiana lease expiration dates. These are sponsor statements rather than SEC filings; the offering documents and the leases themselves control.
Is the Trust leveraged?
SEC filings do not say. The Form D filed May 20, 2026 names no lender and discloses no loan terms, and a Form D is a short notice of an unregistered sale rather than a capitalization disclosure, so its silence settles nothing either way. Neither the Form D nor the sponsor's May 26, 2026 property supplement establishes trust-level leverage or debt terms. An exchanger who must replace mortgage debt from a relinquished property should confirm the capitalization in the debt and sources-and-uses sections of the offering documents before identifying this Trust.
How does this Trust relate to JLL Income Property Trust?
JLL Exchange is the 1031 exchange platform associated with JLL Income Property Trust, and the sponsor's May 26, 2026 property supplement names JLL Exchange TRS, LLC as the Trust's sponsor and depositor. That REIT has been an active industrial buyer: AltsWire reported on August 14, 2026 that it acquired the 1.1-million-square-foot Whitestown Distribution Center IV for approximately $137 million and, in prior-reporting context, that it had earlier acquired the 605,000-square-foot 4337 Allpoints Drive property for approximately $60.3 million — the same street address the supplement gives for this Trust's Indiana building. Commercial Property Executive reported on April 22, 2026 that the REIT bought a 605,000-square-foot Whitestown distribution center leased to Daimler Truck North America for about $60 million; available records do not directly establish that this is the Trust's Indiana property.
How much of this record is confirmed by SEC filings?
The offering mechanics only. The issuer also stated that JLL Exchange TRS, LLC was required to pay approximately $19,383,866 in costs and expenses related to the offering and the acquisition of the properties. Building locations, sizes, tenants and occupancy come from the sponsor's May 26, 2026 property supplement, not from a filing.

Sources

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These links support the record as a whole; individual details may come from different sources.

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.