Louisville Logistics Center
Industrial property in Shepherdsville, KY · sponsored by JLL Exchange (JLLX)
Louisville Logistics Center is a DST sponsored by JLL Exchange (JLLX) that owns an industrial property in Shepherdsville, KY (1,043,000 SF). Its latest Form D, filed Sep 12, 2025, lists a $88.1 million offering with a $75,000 minimum.
Key facts
- Minimum investment
- $75,000From the Form D
- Offering size
- $88,172,058Equity offered, per the Form D
- Sold so far
- Form D, Sep 12, 2025; the % is our arithmetic99.99%
- Investors reported
- Form D, Sep 12, 202584
- Selling commissions
- Form D Item 15; the % is our arithmetic$6,172,045 · 7.0% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.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 →
Can I still invest?
No new interests: the offering is reported fully subscribed.
By Top1031’s calculation from the latest Form D, filed Sep 12, 2025, 99.99% of the offering had sold.
Other JLL Exchange (JLLX) offerings on record
- JLLX Diversified 11, DST$500,000 minimum · $197,043,478 offeringActive offering · latest Form D Oct 2, 2026
- JLLX Industrial Portfolio, DSTWood Dale, IL · $500,000 minimum · $253,383,866 offeringActive offering · latest Form D May 20, 2026
- JLLX Diversified 10, DSTSkokie, IL · $75,000 minimum · $268,270,270 offeringActive offering · latest Form D Apr 14, 2026
- Glendale Distribution CenterGlendale, Arizona · $75,000 minimum · $99,835,796 offeringActive offering · latest Form D Apr 14, 2026
Availability changes without a filing. The sponsor or a registered representative can confirm what is open.
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Ask a 1031 specialist about this recordFree. About: Louisville Logistics Center. Top1031 is not a broker-dealer.No photo on record.
What does Louisville Logistics Center own?
JLL Income Property Trust, the sponsor's affiliated fund, announced on April 25, 2023 that it had acquired the building for approximately $82 million. 3 The fund describes a Class A cross-dock distribution center completed in 2022, with 40-foot clear heights — a cross-dock layout means freight moves in one side and out the other rather than sitting in storage. 1 Fractional interests reached 1031 exchange investors through this Trust afterward.
- Reported location
- Shepherdsville, KY
- Property size
- 1,043,000 SF
How have sales gone?
The sponsor’s own numbers, with the caveat in Sales so far ↑.
How is it financed, and what did it cost to sell?
Leveraged means mortgage debt sits alongside investor equity, so loan terms shape cash flow as much as rent does. JLL Income Property Trust reported on June 3, 2026 that it closed a $49 million mortgage secured by the property; that source names no lender and presents the loan as parent-REIT financing rather than stating the DST is the borrower. 4
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $6,172,045 · 7.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $500,014 · 0.5% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 10 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
- LaSalle Investment Management Distributors, LLC · CRD 157625
- Morgan Stanley · CRD 149777
- RBC Capital Markets, LLC · CRD 31194
- Rockefeller Financial LLC · CRD 291361
- Sanctuary Securities, Inc. · CRD 205
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jun 30, 2023
- 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 Louisville Logistics Center?
JLL Exchange is the 1031 exchange platform tied to JLL Income Property Trust, and its DST offerings hold properties the affiliated fund acquires. The issuer's Form D names JLL Exchange TRS, LLC as a promoter and sponsor of the issuer. 5 JLL Exchange announced on December 5, 2023 that this Trust was fully subscribed. 2
- Sponsor
- Offerings on record
What does the SEC record show?
Interests were placed privately rather than publicly advertised, which limits purchasers to accredited investors — those meeting SEC income or net-worth tests — with whom the sponsor already had a relationship. Each amendment after the initial notice updated reported subscription progress rather than the offering size.
- Legal Trust name
- JLLX Louisville Logistics Center, DST
- SEC CIK
- 1984855
- First Form D
- Jul 11, 2023
- Latest Form D
- Sep 12, 2025
- Filings on record
- 6
- 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 | $88,172,058 | $88,165,296+$12,887,375 | 84+16 | EDGAR | |
| Form D/A | $88,172,058 | $75,277,921+$63,172,603 | 68+60 | EDGAR | |
| Form D/A | $88,172,058 | $12,105,318+$2,406,164 | 8+3 | EDGAR | |
| Form D/A | $88,172,058 | $9,699,154+$375,221 | 5+1 | EDGAR | |
| Form D/A | $88,172,058 | $9,323,933+$9,323,933 | 4 | EDGAR | |
| Form D | $88,172,058 | $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
- Can I still invest in Louisville Logistics Center?
- No new interests: Louisville Logistics Center is reported fully subscribed. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
- Who occupies the building, and on what lease?
- UPS Supply Chain Solutions, per the SEC-filing-based record and JLL Income Property Trust's property page, which also says the tenant made a significant investment in the building's equipment and technology. The fund's April 25, 2023 acquisition announcement describes a lease running through 2032 with 2% annual rent escalations and two 10-year renewal options exercisable by the tenant.
- Is there a mortgage on the property?
- Yes. The Trust is recorded as leveraged, and JLL Income Property Trust reported on June 3, 2026 that it closed a $49 million loan secured by Louisville Logistics Center with a five-year term and a 5.28% interest rate. That source does not name the lender, and it frames the loan as financing by the affiliated REIT rather than stating that the DST itself is the borrower.
- Has any sale, exit, or other outcome been reported?
- No outcome is reported in the sources reviewed for this record. The last Form D amendment on file is dated September 12, 2025, and the research run dated October 2, 2026 found no material property or offering event beyond the June 2026 mortgage financing. The offering documents and the sponsor's investor reporting are where any disposition or option exercise would be documented.
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.