The company signed 14 new and renewal leases, along with one rent reset, covering 5.4 million square feet. The transaction produced GAAP and cash rent roll-ups of 14% and 4%, respectively. In Hawaii, ILPT completed a 53-year ground lease covering 2.2 million square feet with a construction company. Krohn said ILPT’s current pipeline totals 3.4 million square feet, including 2.2 million square feet tied to leases expiring over the next 12 months that are in advanced negotiation or documentation. About Industrial Logistics Properties Trust (NASDAQ:ILPT)Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust focused on acquiring, owning and operating industrial logistics properties across the United States.