Wall Township, NJ – December 10, 2025 – Four Springs TEN31 Xchange, LLC (“FSXchange, a leading sponsor of Delaware Statutory Trust (DST) investment programs and 1031 real estate exchanges, today announced the launch of FSX Industrial 34, DST, a $98 million offering available exclusively to accredited investors. This new DST opportunity features two mission-critical industrial properties located in Duncan, South Carolina, and Hanson, Kentucky. The facilities are leased long-term under absolute NNN agreements with contractual rent growth to Eaton Corporation (NYSE: ETN) and Carhartt, Inc., respectively.

“FSX Industrial 34 reflects the disciplined, basis-driven approach our advisor partners and 1031 investors rely on,” said Matt Woehnker, President of Four Springs Capital Markets. “In today’s market, certainty of income and quality of tenancy matter more than ever. By focusing on essential industrial real estate at an attractive entry point, we’re aiming to provide investors with long-term, contractual cash flows backed by established operators—delivering the type of durable, mission-critical assets that can help anchor a 1031 exchange portfolio through cycles.”

The Duncan, SC property is a 315,273-square-foot industrial facility serving Eaton’s Electrical business segment. Situated on a 30.3-acre site, the building includes warehouse, manufacturing, and office space, with clear heights of 29 to 31 feet, 38 dock doors, and three grade-level doors. Eaton, a global power management company, provides essential solutions in energy transition, electrification, and cybersecurity.

The Hanson, KY facility comprises 681,000 square feet and serves as Carhartt’s primary national distribution hub. Originally built in 1998 and expanded in 2009, the facility has benefited from more than $70 million in automation investments, including robotics, racking, and conveyor systems—underscoring its role as a mission-critical asset within Carhartt’s vertically integrated U.S. supply chain.

“These acquisitions reflect our continued focus on acquiring high-quality, strategically located industrial assets leased to strong corporate tenants,” said Jared Morgan, SVP, Head of Acquisitions at Four Springs TEN31 Xchange. “Both facilities are integral to our tenants’ core operations and align with our strategy of building a resilient, diversified portfolio.”

Four Springs TEN31 Xchange continues to expand its national portfolio of institutional-grade properties, offering investors access to stable, long-term real estate opportunities through 1031 exchange DST programs.

About Four Springs TEN31 Xchange

Founded in 2014, Four Springs TEN31 Xchange, LLC is an active DST sponsor specializing in creditworthy, single-tenant commercial properties across the industrial and medical sectors. The firm’s disciplined acquisition and due diligence process is designed to mitigate risk and enhance long-term returns for 1031 exchange investors. Offerings are distributed through Four Springs Capital Markets, providing access to a nationwide network of financial professionals.

For further information, please contact

Four Springs TEN31 Xchange
Charles Shaw
Email: info@fscap.net
Phone: 732.749.7344