Taunton Distribution Center
Industrial property in Taunton, MA · sponsored by JLL Exchange (JLLX)
Taunton Distribution Center was a DST sponsored by JLL Exchange (JLLX) that owned an industrial property in Taunton, MA (198,720 sq ft). Its last Form D was filed Aug 27, 2024.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Aug 27, 2024.
Key facts
- Minimum investment
- $75,000From the Form D
- Offering size
- $59,931,534Equity offered, per the Form D
- Sold
- 86.9%Form D, Aug 27, 2024; the % is our arithmetic
- Investors reported
- Form D, Aug 27, 2024116
- Selling commissions
- Form D Item 15; the % is our arithmetic$4,195,208 · 7.0% of offering
- 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 →
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Ask a 1031 specialist about this recordFree. About: Taunton Distribution Center. Top1031 is not a broker-dealer.Taunton Distribution Center · Taunton, MA · Photo: jll.com
What did Taunton Distribution Center own?
JLL Income Property Trust announced on August 21, 2019 that it had bought a Class A industrial building in Taunton's Myles Standish Industrial Park for $25.7 million, describing it as roughly 200,000 square feet and leased to Williams-Sonoma Direct. 1 That release names JLL Income Property Trust, not this Trust, as the buyer. The facility dates to 2014/2016 and sits in one of southeastern Massachusetts' large established industrial parks.
- Reported location
- Taunton, MA
- Property size
- 198,720 sq ft
How was it financed, and what did it cost to sell?
Form D tells the SEC nothing about mortgage debt, and no reviewed public source states whether this Trust carries a loan, who the lender is, or what the balance and maturity are. Treat the financing structure here as undisclosed in the public record rather than as all-cash.
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
- $4,195,208 · 7.0% 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
- 13 named in the Form D
Show the firms
- Commonwealth Financial Network · CRD 8032
- Concorde Investment Services, LLC · CRD 151604
- Emerson Equity LLC · CRD 130032
- Independent Financial Group, LLC · CRD 7717
- Janney Montgomery Scott LLC · CRD 463
- LPL Financial LLC · CRD 6413
- LaSalle Investment Management Distributors, LLC · CRD 157625
- Merrill Lynch, Pierce, Fenner & Smith Incorporated · CRD 7691
- Morgan Stanley · CRD 149777
- RBC Capital Markets, LLC · CRD 31194
- Realized Financial, Inc. · CRD 22333
- Robert W. Baird & Co. Incorporated · CRD 8158
- Rockefeller Financial LLC · CRD 291361
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jan 19, 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 Taunton Distribution Center?
JLL Exchange is the 1031 exchange program affiliated with JLL Income Property Trust. The Form D names JLL Exchange TRS, LLC and LaSalle Investment Management, Inc. as related persons, with Gregory A. Falk signing as executive officer. 2 On September 6, 2024 the sponsor announced that a separate bundled vehicle, JLLX Diversified IV, DST — which included a Taunton industrial facility leased to Williams-Sonoma Direct — had been fully subscribed at $120 million. 3
- Sponsor
- Offerings on record
What does the SEC record show?
The filing history is an initial Form D followed by a steady run of amendments, each restating how much of the offering had been sold as the raise progressed. Interests were offered privately, without public advertising, to accredited investors — people meeting the SEC's income or net-worth tests.
- Legal Trust name
- JLLX Taunton Distribution Center, DST
- SEC CIK
- 2005127
- First Form D
- Dec 21, 2023
- Latest Form D
- Aug 27, 2024
- 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 | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $59,931,534 | $52,117,472+$839,701 | 116+4 | EDGAR | |
| Form D/A | $59,931,534 | $51,277,771+$5,076,307 | 112+15 | EDGAR | |
| Form D/A | $59,931,534 | $46,201,464+$3,175,199 | 97+10 | EDGAR | |
| Form D/A | $59,931,534 | $43,026,265+$7,466,989 | 87+20 | EDGAR | |
| Form D/A | $59,931,534 | $35,559,276+$6,075,788 | 67+16 | EDGAR | |
| Form D/A | $59,931,534 | $29,483,488+$14,717,611 | 51+20 | EDGAR | |
| Form D/A | $59,931,534 | $14,765,877+$3,891,462 | 31+7 | EDGAR | |
| Form D/A | $59,931,534 | $10,874,415+$4,819,136 | 24+8 | EDGAR | |
| Form D/A | $59,931,534 | $6,055,279+$2,444,842 | 16+7 | EDGAR | |
| Form D/A | $59,931,534 | $3,610,437+$1,955,622 | 9+4 | EDGAR | |
| Form D/A | $59,931,534 | $1,654,815+$1,161,870 | 5+3 | EDGAR | |
| Form D/A | $59,931,534 | $492,945+$242,240 | 2+1 | EDGAR | |
| Form D (new notice) | $59,931,534 | $250,705 | 1 | EDGAR | |
| Form D | $59,931,534 | $0 | 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 Taunton Distribution Center?
- Taunton Distribution Center is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Aug 27, 2024.
- What does this Trust actually own?
- A 198,720-square-foot Class A distribution facility in Myles Standish Industrial Park, Taunton, Massachusetts, dated to 2014/2016 and leased to Williams-Sonoma Direct, Inc. JLL Income Property Trust announced its purchase of a Class A industrial asset in that park for $25.7 million on August 21, 2019, describing the building as roughly 200,000 square feet. The public record does not fully reconcile the two square-footage figures.
- Is this the same thing as JLLX Diversified IV, DST?
- No. JLLX Diversified IV, DST is a separate bundled offering that, per the sponsor's September 2024 announcement, combined a Townlake of Coppell multifamily community with a Taunton industrial facility leased to Williams-Sonoma Direct and was fully subscribed at $120 million. JLLX Taunton Distribution Center, DST is its own SEC registrant (CIK 2005127) with its own Form D history. No reviewed source establishes that the standalone Trust was the vehicle described in that announcement.
- Was the Taunton building sold?
- Not that the record ties to this Trust. In January 2025, JLL Capital Markets and REBusinessOnline reported the sale of a fully leased 198,720-square-foot distribution center at 151 Charles F. Colton Road in Taunton to an Ares Management real estate fund, with a Brookfield-managed fund on the sell side. That report does not name JLL Income Property Trust, JLL Exchange, or this DST, so it cannot be treated as an exit for this Trust.
- How much debt is on the property?
- Undisclosed publicly. Form D does not ask issuers to report mortgage debt, and no reviewed source states a lender, loan balance, loan-to-value, or maturity for this Trust. Loan terms, if any, would be described in the Trust's offering documents.
- Who runs the Trust?
- The Form D identifies JLL Exchange TRS, LLC as the sponsor-related party and LaSalle Investment Management, Inc. as a related person, with Gregory A. Falk signing as executive officer. JLL Exchange is the 1031 exchange program affiliated with JLL Income Property Trust.
- I saw a law firm page about losses in this DST. What is it?
- White Securities Law, a plaintiff-side securities firm, published an investor-alert page dated May 22, 2025 that names JLLX Taunton Distribution Center, DST and solicits investors who believe they suffered losses. Pages like that are attorney marketing; on their own they do not establish that the Trust suffered a loss, and no reviewed public source reports a sale, foreclosure, or distress event for this Trust.
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.