Legrand AV Regional Headquarters
Legal trust name SE 10900 Red Circle (Minnetonka), DST
Talk to a 1031 specialistData updated Oct 21, 2025
Offering size$10.8M
Asset typeIndustrial
LocationMinnetonka, MN
FinancingNot disclosed
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitNo
First filedOct 21, 2025
Last filedOct 21, 2025
Minimum$1k
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.
Legrand AV Regional Headquarters is the operating name for SE 10900 Red Circle (Minnetonka), DST, a Delaware statutory trust sponsored by Syndicated Equities. The trust owns an approximately 98,500-square-foot industrial, research, and corporate office building at 10900 Red Circle Drive in Minnetonka, Minnesota, fully leased to Legrand AV Inc. under a net lease guaranteed by Legrand Holding, Inc. Legrand signed a 10-year lease in April 2025 to make the property its regional headquarters, relocating from Shakopee. Syndicated Equities completed the acquisition in October 2025, and an issuer Form D filed that month reported a $10.75 million offering.
100% leased to Legrand AV Inc (Legrand Holding guaranty); Form D 10/21/25: $6.70M of $10.75M sold; min $1,000
~98,500 SFBased on issuer-filed Form D notices through Oct 21, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount62.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$6,698,913
Remaining amount reported in latest Form D$4,051,087
Investor count reported in latest Form D27
Stated minimum investment$1,000
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First filedOct 21, 2025
Latest filingOct 21, 2025
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Property and tenant
Legrand AV Regional Headquarters is the operating name for SE 10900 Red Circle (Minnetonka), DST, which owns an approximately 98,500-square-foot industrial, research, and corporate office facility at 10900 Red Circle Drive in Minnetonka, Minnesota, described as 100% leased to Legrand AV Inc. under a net lease guaranteed by Legrand Holding, Inc 1. Legrand signed a 10-year lease in April 2025 to occupy the entire building as its regional headquarters, relocating from Shakopee 2. Originally constructed in 1982 and renovated in 1997, the property houses about 210 employees on-site and was undergoing an additional renovation exceeding $4 million; sponsor materials note that tenant parent Legrand S.A. reported 2024 revenues of about EUR 8.648 billion and an adjusted operating margin of roughly 20.5% 3.
Acquisition and structure
Independent reporting described the transaction as Syndicated Equities' acquisition of the Legrand AV headquarters property, integrating the brand's core functions 4. The vehicle was formed as a Delaware statutory trust, with its certificate of trust filed in Minnesota in August 2025 5. Syndicated Equities' Winter 2026 newsletter references the acquisition as a closed investment that completed on October 16, 2025 6. An issuer Form D filed October 21, 2025 reported a $10,750,000 offering 7.
Sponsor
Syndicated Equities, operating since 1986, reports approximately $4 billion in total asset value, more than $600 million of equity invested, and more than 100 completed investments 8.
In the news
Frequently asked questions
Is Legrand AV Regional Headquarters currently active?
Legrand AV Regional Headquarters is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Legrand AV Regional Headquarters?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.