Industrial Logistics Properties Trust shares rise 1.33% intraday after Alpine Income Property Trust announced a $24.0 million first mortgage loan investment in San Francisco.

Industrial Logistics Properties Trust rose 1.33% in intraday trading, with Alpine Income Property Trust, Inc. announcing a $24.0 million first mortgage loan investment for the redevelopment of a former retail building into an industrial asset in the East Bay submarket of San Francisco, CA. The Property, comprising 127,380 square feet on 8.7 acres, is expected to attract technology, life science, manufacturing, and logistics users.