JLLX West Phoenix Distribution Center DST
Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.
Raised
$134M
Investors
87
Min Invest
$75,000
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What this filing shows
·Every sentence is a value as filed on SEC Form D
JLLX West Phoenix Distribution Center DST is a Delaware entity that first filed a Form D on December 13, 2022 and most recently amended it on July 6, 2023 in the Other Real Estate industry group. The offering claims Rule 506(b) and covers equity. JLLX West Phoenix Distribution Center DST reported $133,557,987 sold from 87 investors of a $146,515,397 total offering as of the Form D filed July 6, 2023. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $75,000. The Form D names LaSalle Investment Management Distributors, LLC (CRD 157625), associated with None; CHRISTINA NIELSON (CRD 4866971), associated with DAI SECURITIES, LLC; WILLIAM PATRICK BRENNAN (CRD 3090544), associated with INDEPENDENT FINANCIAL GROUP, LLC; JOSEPH P WERNER (CRD 6645379), associated with LaSalle Investment Management Distributors, LLC and 36 others as recipients of sales compensation soliciting in all states. The issuer's address of record is 333 West Wacker Drive, Suite 2300, Chicago, IL 60606.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
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In the Terminal
Filing events
0
none on file
Critical / warning
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Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
lapsed
Investor
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
JLL Exchange TRS, LLC
Promoter · Chicago, IL
Sponsor of Issuer
LaSalle Investment Management, Inc.
Promoter · Chicago, IL
Sponsor of Issuer
Gregory A. Falk
Executive Officer · Chicago, IL
A. LIPT Reems Road, LLC
Promoter · Chicago, IL
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
LaSalle Investment Management Distributors, LLCCRD 157625 on BrokerCheck
Associated broker-dealer: None · Chicago, IL · Soliciting in all states
CHRISTINA NIELSONCRD 4866971 on BrokerCheck
Associated broker-dealer: DAI SECURITIES, LLC (CRD 36673) · Costa Mesa, CA · Soliciting in AR, AZ, CA, CO, CT, FL, HI, IA, ID, KY, LA, MA, ME, MI, MT, NC, NM, NV, NY, OH, OK, OR, PA, TX, UT, WA
WILLIAM PATRICK BRENNANCRD 3090544 on BrokerCheck
Associated broker-dealer: INDEPENDENT FINANCIAL GROUP, LLC (CRD 7717) · San Diego, CA · Soliciting in AL, AZ, CA, CO, FL, HI, IA, ID, IL, IN, KY, LA, MD, NC, NM, NV, NY, OR, PA, SC, TN, TX, UT, VA, WA
JOSEPH P WERNERCRD 6645379 on BrokerCheck
Associated broker-dealer: LaSalle Investment Management Distributors, LLC (CRD 157625) · Chicago, IL · Soliciting in all states and outside the United States
KAREN LESLIE VARNHAGENCRD 1144429 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 14977) · San Francisco, CA · Soliciting in AZ, CA, CO, CT, HI, ID, IL, MA, MI, MT, NH, NJ, NV, NY, OR, TN, TX, VA, WA
TRACY BIRDCRD 4147085 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 14977) · New York, NY · Soliciting in AL, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, IL, KS, MA, MD, MI, MN, MO, NC, NH, NJ, NV, NY, OH, OR, PA, PR, RI, SC, TN, TX, UT, VA, VT, WA, WI, WY
DAVID ROBERT ESHAMCRD 2215529 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 14977) · Salisbury, MD · Soliciting in all states and outside the United States
PIOTR G GALUSCRD 5215429 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 14977) · Morristown, NJ · Soliciting in AZ, CA, CO, CT, DC, DE, FL, GA, HI, IL, IN, LA, MA, MD, ME, MO, MT, NC, NH, NJ, NY, OH, OR, PA, RI, SC, SD, TN, TX, VA, WI
PAUL WARREN JACKSONCRD 2998795 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 14977) · Bellevue, WA · Soliciting in all states and outside the United States
BENJAMIN WILLEYCRD 6131772 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 14977) · Gig Harbor, WA · Soliciting in AK, AZ, CA, GA, ID, IL, KS, MT, NV, OK, OR, TX, UT, VA, WA
CYNTHIA MARY COUYOUMJIANCRD 1456630 on BrokerCheck
Associated broker-dealer: INDEPENDENT FINANCIAL GROUP, LLC (CRD 7717) · Tustin, CA · Soliciting in AZ, CA, DC, FL, GA, IA, ID, IN, LA, MD, MI, MO, NC, NM, NV, NY, OH, OR, PA, SC, TN, TX, UT, WA
FRANK COULSON IIICRD 3100920 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 14977) · West Conshohocken, PA · Soliciting in AZ, CA, CO, CT, DC, DE, FL, GA, HI, MA, MD, ME, MI, MT, NH, NJ, NV, RI, SC, TX, UT, VA, VT, WA, WV, WY
KEVIN HUNTINGTONCRD 5934354 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 14977) · Philadelphia, PA · Soliciting in AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY
PAULINA MATELCRD 6125677 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 14977) · Chicago, IL · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
RICHARD GRUNDCRD 2284738 on BrokerCheck
Associated broker-dealer: COMMONWEALTH FINANCIAL NETWORK (CRD 8032) · Weston, FL · Soliciting in AZ, CA, CO, CT, FL, GA, IL, IN, KY, MA, ME, NC, NJ, NY, OH, OR, SC, TN, TX, UT, VA, WA, WY
MICHELLE VIZZICRD 4780371 on BrokerCheck
Associated broker-dealer: INDEPENDENT FINANCIAL GROUP, LLC (CRD 7717) · San Clemente, CA · Soliciting in AZ, CA, CO, WA
SCOTT MACHENCRD 4578808 on BrokerCheck
Associated broker-dealer: INDEPENDENT FINANCIAL GROUP, LLC (CRD 7717) · Gold River, CA · Soliciting in AZ, CA, CO, FL, MA, NV, OR, TX, UT
DAVID JENNINGSCRD 2843403 on BrokerCheck
Associated broker-dealer: JANNEY MONTGOMERY SCOTT LLC (CRD 463) · Richmond, VA · Soliciting in AR, AZ, CA, CO, FL, GA, KS, KY, LA, MA, MD, MI, MN, MO, MS, NC, NJ, NM, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA
LENORE DUNLOPCRD 7029219 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · Coral Springs, FL · Soliciting in AR, AZ, CA, CO, CT, DC, FL, GA, HI, IL, IN, MA, MD, MI, MN, MO, NC, NH, NJ, NV, NY, OR, PA, SC, TX, VA, VT
GARY R BERGERONCRD 5703575 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · Portland, ME · Soliciting in AK, AZ, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, MA, MD, ME, MI, MN, MS, NC, NH, NJ, NM, NY, OH, PA, RI, SC, TX, UT, VA, VT, WA
DOUGLAS M DIRKSCRD 4068542 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · Bloomington, MN · Soliciting in AZ, FL, IL, MA, MI, MN
THOMAS RISHOVDCRD 2572728 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · Minneapolis, MN · Soliciting in AL, AR, AZ, CA, CO, CT, DC, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MT, NC, ND, NE, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI
HEATHER REEDCRD 5813143 on BrokerCheck
Associated broker-dealer: RBC CAPITAL MARKETS LLC (CRD 31194) · Eugene, OR · Soliciting in AL, AZ, CA, CO, DC, FL, ID, MA, MD, ME, MN, NC, NV, NY, OH, OR, PA, TN, TX, UT, VA, WA, WI, WY
CHRISTOPHER MICHAEL VIZZICRD 5095868 on BrokerCheck
Associated broker-dealer: INDEPENDENT FINANCIAL GROUP, LLC (CRD 7717) · San Clemente, CA · Soliciting in AZ, CA, FL, IL, NC, NV, NY, OR, TN, TX, WA, WY
EDWARD CHRISTIAN GRUBERCRD 4369042 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · San Clemente, CA · Soliciting in AZ, CA, FL, IL, NC, NV, NY, OR, TN, TX, WA, WY
JASON BURKETTCRD 4788149 on BrokerCheck
Associated broker-dealer: RBC CAPITAL MARKETS LLC (CRD 31194) · Fort Collins, CO · Soliciting in AZ, CA, CO, DE, FL, HI, IA, ID, IL, IN, KS, KY, MA, MI, MN, MT, ND, NE, NJ, NV, NY, OH, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WY
JOHN PRINCECRD 2138970 on BrokerCheck
Associated broker-dealer: RBC CAPITAL MARKETS LLC (CRD 31194) · Century City, CA · Soliciting in AL, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MT, NC, NH, NJ, NM, NV, NY, OH, OR, PA, SC, SD, TX, UT, VA, WA
RUSSELL DYERCRD 5439930 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · Vancouver, WA · Soliciting in AZ, CA, CO, DC, FL, GA, ID, KS, MA, MD, MO, NC, ND, NH, NV, NY, OH, OR, SC, UT, VA, WA, WI, WY
KURT NEDDENRIEPCRD 2723394 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · Elko, NV · Soliciting in all states and outside the United States
BRUCE HOROWITZCRD 1333901 on BrokerCheck
Associated broker-dealer: COMMONWEALTH FINANCIAL NETWORK (CRD 8032) · Los Angeles, CA · Soliciting in AK, AR, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IN, KY, NV, NY, OK, OR, TN, TX, UT, VA, WA
JAMIE FURLONGCRD 6930080 on BrokerCheck
Associated broker-dealer: CONCORDE INVESTMENT SERVICES, LLC (CRD 151604) · Sacramento, CA · Soliciting in AZ, CA, ID, MT, NJ, NM, NV, NY, OR, TN, TX, WA, WI
CHARLES NORWOODCRD 4497456 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · Birmingham, AL · Soliciting in AK, AL, AR, AZ, CA, CO, DC, DE, FL, GA, IA, IL, IN, KY, LA, MA, MD, MI, MN, MO, MS, MT, NC, NE, NV, NY, OK, OR, PA, SC, SD, TN, TX, VA, WA, WI
JOHN CODY MOORECRD 5861459 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · Saratoga Springs, NY · Soliciting in AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, IL, LA, MA, MD, MI, MN, NC, NH, NJ, NM, NV, NY, OH, PA, RI, SC, TN, TX, VA, VT, WA, WI, WV
JONATHAN KLEINCRD 5526972 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · New York, NY · Soliciting in AZ, CA, CO, CT, DC, DE, FL, GA, HI, IL, LA, MA, MD, MI, MO, NC, NH, NJ, NV, NY, OH, OR, PA, RI, SC, TX, UT, VA, VT
JUNGSUN MCCUBBINCRD 5279260 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · Houston, TX · Soliciting in AK, AZ, CA, CO, DC, FL, GA, HI, IL, KS, KY, LA, MA, MD, MI, MN, MS, MT, NC, NM, NV, NY, OH, OK, OR, PA, TN, TX, VA, WA and outside the United States
KEITH SMITHCRD 4944329 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · Hudson, OH · Soliciting in AZ, CA, CO, CT, FL, GA, HI, IA, IL, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NJ, NV, NY, OH, OR, PA, RI, SC, TN, UT, VA, WA, WI
KEVIN TARRANTCRD 5377123 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · San Rafael, CA · Soliciting in AL, AZ, CA, CO, CT, FL, GA, IA, IL, IN, MA, MI, MO, NH, NJ, NV, NY, OR, PA, RI, SC, TX, WA, WY
LORING BROWNCRD 2120640 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · Atlanta, GA · Soliciting in AZ, CA, CO, FL, GA, HI, IL, MA, MD, MO, NC, NJ, NV, NY, OH, PA, SC, TN, TX, VA, WY
TODD WETZELCRD 2108953 on BrokerCheck
Associated broker-dealer: MORGAN STANLEY (CRD 149777) · Westborough, MA · Soliciting in all states and outside the United States
JOHN STOMBERGERCRD 2165327 on BrokerCheck
Associated broker-dealer: ROBERT W BAIRD & CO INC (CRD 8158) · Danville, KY · Soliciting in AZ, CA, CO, DC, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NC, NE, NH, NJ, NV, NY, OH, OK, PA, SC, TN, TX, VA, WA, WI, WV
Questions About JLLX West Phoenix Distribution Center DST
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is JLLX West Phoenix Distribution Center DST?
JLLX West Phoenix Distribution Center DST is a Delaware entity that filed a Form D with the SEC on July 6, 2023 in the Other Real Estate industry group. The filing claims Rule 506(b) for an offering of equity.
Is JLLX West Phoenix Distribution Center DST legit?
AltStreet does not rate legitimacy; it reports the public record. JLLX West Phoenix Distribution Center DST filed a Form D with the SEC on July 6, 2023 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $133,557,987 sold to 87 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is JLLX West Phoenix Distribution Center DST registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that JLLX West Phoenix Distribution Center DST claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has JLLX West Phoenix Distribution Center DST raised?
JLLX West Phoenix Distribution Center DST reported $133,557,987 sold from 87 investors of a $146,515,397 total offering as of the Form D filed July 6, 2023.
Who can invest in JLLX West Phoenix Distribution Center DST?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $75,000.
What is the minimum investment in JLLX West Phoenix Distribution Center DST?
The Form D lists $75,000 as the minimum investment accepted from any outside investor as of July 6, 2023. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling JLLX West Phoenix Distribution Center DST and how are they paid?
The Form D names LaSalle Investment Management Distributors, LLC (CRD 157625), associated with None; CHRISTINA NIELSON (CRD 4866971), associated with DAI SECURITIES, LLC; WILLIAM PATRICK BRENNAN (CRD 3090544), associated with INDEPENDENT FINANCIAL GROUP, LLC; JOSEPH P WERNER (CRD 6645379), associated with LaSalle Investment Management Distributors, LLC and 36 others as recipients of sales compensation soliciting in all states.
Who is behind JLLX West Phoenix Distribution Center DST?
The Form D lists 4 related persons: JLL Exchange TRS, LLC, promoter (Sponsor of Issuer); LaSalle Investment Management, Inc., promoter (Sponsor of Issuer); Gregory A. Falk, executive officer; A. LIPT Reems Road, LLC, promoter. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is JLLX West Phoenix Distribution Center DST located?
The issuer's address on its SEC filings is 333 West Wacker Drive, Suite 2300, Chicago, IL 60606. Its phone number of record is 312-897-4000. It is organized under the laws of Delaware.
How long is the JLLX West Phoenix Distribution Center DST offering open?
The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 8 amendments are on record for this CIK.
What is JLLX West Phoenix Distribution Center DST's revenue?
The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.
