Taunton Distribution Center
Industrial (Class A distribution facility, leased to Williams-Sonoma Direct, Inc.) property in Taunton, MA — sponsored by JLL Exchange (JLLX)
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
JLLX Taunton Distribution Center, DST is a Delaware statutory trust — a structure that lets 1031 exchange investors own fractional interests in real property — holding a Class A distribution facility in Taunton, Massachusetts leased to Williams-Sonoma Direct, Inc. JLL Exchange registered a $59,931,534 offering with the SEC, sold to accredited investors in $75,000 minimums. The most recent Form D amendment on record is dated August 27, 2024.
Minimum investment
$75k
Offering size
$59.9M
How much has sold
87.0%
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
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?
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
Who is the tenant, and what's the lease?
Williams-Sonoma Direct, Inc. occupies the building. No expiration date, remaining term, or rent structure for that lease appears in the public filings reviewed — Form D does not require lease disclosure, so those terms sit in the private placement memorandum, the offering document delivered to prospective investors.
How did it end?
No ending on record
Taunton Distribution Center is a 198,720-square-foot Class A distribution facility in Myles Standish Industrial Park, Taunton, MA, built 2014/2016 and leased to Williams-Sonoma Direct, Inc. It was acquired by JLL Income Property Trust and bundled into the JLLX Diversified IV, DST program, which was fully subscribed with a $120 million raise announced in September 2024.
198,720 sq ftSupporting evidence
Counted on JLL Exchange (JLLX)’s Record Card as: No outcome recorded · under 7 years Document
How is it financed, and what does it pay?
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.
Who's behind it?
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
- 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?
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.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Legal Trust name
- JLLX Taunton Distribution Center, DST
- Filings on record
- 14
- How it may be offered
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- 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
What happened to Taunton Distribution Center?
Taunton Distribution Center is a Historical offering: its latest SEC filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for Taunton Distribution Center?
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 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 private placement memorandum.
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.
Chapter 9JLLX Taunton Distribution Center DST Losses: Investor AlertInvestor alert page from White Securities Law referencing the JLLX Taunton Distribution Center DST directly, noting investors who experienced losses may have recovery options. JLL closes sale of fully leased distribution center in Greater BostonJLL Capital Markets arranged the sale of the 198,720-sf Class A distribution center at 151 Charles F. Colton Rd, Taunton, MA. JLL Income Property Trust Fully Subscribes $120 Million Diversified DSTAnnounces full subscription of JLLX Diversified IV, DST, which bundles the Townlake of Coppell multifamily community and the Taunton distribution center leased to Williams-Sonoma Direct, Inc. JLL Income Property Trust Acquires Class A Industrial Asset for $25.7 Million in Suburban BostonOriginal acquisition press release for the Taunton Distribution Center, a 200,000-sf Class A industrial building in Taunton, MA leased to Williams-Sonoma Direct, purchased for $25.7M.