Exhibit 4.1



COMMON A   MARYLAND REAL ESTATE INVESTMENT TRUST COMMON SHARES $.01 PAR VALUE PER SHARE   SEE REVERSE FOR IMPORTANT NOTICE ON TRANSFER RESTRICTIONS AND OTHER   INFORMATION COMMON SHARES $.01 PAR VALUE PER SHARE CUSIP 456237 10 6 THIS   CERTIFIES THAT is the registered holder of FULLY PAID AND NON-ASSESSABLE   COMMON SHARES OF BENEFICIAL INTEREST IN INDUSTRIAL LOGISTICS PROPERTIES TRUST   a Maryland real estate investment trust (the “Trust”), transferable on the   books of the Trust by the holder hereof in person or by its duly authorized   attorney upon surrender of this Certificate properly endorsed. This   Certificate and the shares evidenced hereby are issued and shall be held   subject to all of the provisions of the Declaration of Trust and Bylaws of the   Trust each as in effect from time to time. The holder of this Certificate and   every transferee or assignee hereof by accepting or holding the same agrees   to be bound by all of the provisions of the Declaration of Trust and Bylaws   of the Trust, each as in effect from time to time. This Certificate is not   valid unless countersigned and registered by the Transfer Agent and   Registrar. IN WITNESS WHEREOF, the Trust has caused this Certificate to be   executed on its behalf by its duly authorized officers. Dated: PRESIDENT AND   CHIEF OPERATING OFFICER CHIEF FINANCIAL OFFICER AND TREASURER COUNTERSIGNED   AND REGISTERED: WELLS FARGO BANK, N.A. TRANSFER AGENT AND REGISTRAR BY   AUTHORIZED SIGNATURE 


    




 






 



INDUSTRIAL   LOGISTICS PROPERTIES TRUST IMPORTANT NOTICE INDUSTRIAL LOGISTICS PROPERTIES   TRUST IS A MARYLAND REAL ESTATE INVESTMENT TRUST (THE “TRUST”). THE SHARES   EVIDENCED BY THIS CERTIFICATE ARE ISSUED AND SHALL BE HELD SUBJECT TO ALL OF   THE PROVISIONS OF THE DECLARATION OF TRUST OF THE TRUST, AS IN EFFECT FROM   TIME TO TIME (THE “DECLARATION OF TRUST”) AND THE BYLAWS OF THE TRUST, AS IN   EFFECT FROM TIME TO TIME (THE “BYLAWS”). THE HOLDER OF THE SHARES EVIDENCED   BY THIS CERTIFICATE AND EVERY TRANSFEREE OR ASSIGNEE THEREOF BY ACCEPTING OR   HOLDING THE SAME AGREES TO BE BOUND BY ALL OF THE PROVISIONS OF THE   DECLARATION OF TRUST AND BYLAWS. THE TRUST WILL FURNISH TO ANY SHAREHOLDER,   ON REQUEST AND WITHOUT CHARGE, A FULL STATEMENT OF THE INFORMATION REQUIRED   BY SECTION 8-203(d) OF THE CORPORATIONS AND ASSOCIATIONS ARTICLE OF THE   ANNOTATED CODE OF MARYLAND WITH RESPECT TO THE DESIGNATIONS AND ANY   PREFERENCES, CONVERSION AND OTHER RIGHTS, VOTING POWERS, RESTRICTIONS,   LIMITATIONS AS TO DIVIDENDS AND OTHER DISTRIBUTIONS, QUALIFICATIONS, AND   TERMS AND CONDITIONS OF REDEMPTION OF THE SHARES OF EACH CLASS OF BENEFICIAL   INTEREST WHICH THE TRUST HAS AUTHORITY TO ISSUE AND, IF THE TRUST IS   AUTHORIZED TO ISSUE ANY PREFERRED OR SPECIAL CLASS IN SERIES, (i) THE   DIFFERENCES IN THE RELATIVE RIGHTS AND PREFERENCES BETWEEN THE SHARES OF EACH   SERIES TO THE EXTENT THEY HAVE BEEN SET, AND (ii) THE AUTHORITY OF THE BOARD   OF TRUSTEES TO SET THE RELATIVE RIGHTS AND PREFERENCES OF SUBSEQUENT SERIES.   THE FOREGOING SUMMARY DOES NOT PURPORT TO BE COMPLETE AND IS SUBJECT TO AND   QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE DECLARATION OF TRUST, A COPY OF   WHICH WILL BE SENT WITHOUT CHARGE TO EACH SHAREHOLDER WHO SO REQUESTS. SUCH   REQUEST MUST BE MADE TO THE SECRETARY OF THE TRUST AT ITS PRINCIPAL OFFICE.   THE SHARES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON   OWNERSHIP AND TRANSFER WHICH ARE OR MAY HEREAFTER BE CONTAINED IN THE   DECLARATION OF TRUST OR IN THE BYLAWS, INCLUDING PROVISIONS OF THE   DECLARATION OF TRUST WHICH PROHIBIT THE OWNERSHIP OF MORE THAN 9.8% IN VALUE   OR NUMBER, WHICHEVER IS MORE RESTRICTIVE, OF ANY CLASS OR SERIES OF THE   TRUST’S SHARES OF BENEFICIAL INTEREST BY ANY PERSON OR GROUP. THIS   DESCRIPTION OF THE RESTRICTIONS UPON OWNERSHIP OR TRANSFER OF THE TRUST’S SECURITIES   IS NOT COMPLETE. A MORE COMPLETE DESCRIPTION OF THESE RESTRICTIONS AND OF   VARIOUS RIGHTS AND OBLIGATIONS OF SHAREHOLDERS APPEARS IN THE DECLARATION OF   TRUST OR BYLAWS, AS APPLICABLE, AND IN CERTAIN OTHER AGREEMENTS WHICH MAY   FROM TIME TO TIME BE ENTERED INTO BY THE TRUST AFFECTING THE RIGHTS AND   OBLIGATIONS OF SHAREHOLDERS. COPIES OF THE DECLARATION OF TRUST, BYLAWS AND   AGREEMENTS AFFECTING THE RIGHTS AND OBLIGATIONS OF SHAREHOLDERS AS IN EFFECT   FROM TIME TO TIME WILL BE SENT WITHOUT CHARGE TO ANY SHAREHOLDER UPON REQUEST   TO THE SECRETARY OF THE TRUST. The following abbreviations, when used in the   inscription on the face of this certificate, shall be construed as though   they were written out in full according to applicable laws or regulations:   UTMA – Custodian TEN COM TEN ENT JT TEN – as tenants in common – as tenants   by entireties – as joint tenants with right of survivorship and not as   tenants in common (Cust) (Minor) under Uniform Transfers to Minors Act   (State) Additional abbreviations may also be used though not in the above   list. For value received hereby sell, assign, and transfer unto PLEASE INSERT   SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE (PLEASE PRINT OR   TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE) Shares of   beneficial interest represented by the within Certificate, and do hereby   irrevocably constitute and appoint Attorney to transfer the said shares on   the books of the within-named Corporation with full power of substitution in   the premises. Dated X X NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST   CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY   PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.   SIGNATURE GUARANTEED ALL GUARANTEES MUST BE MADE BY A FINANCIAL INSTITUTION   (SUCH AS A BANK OR BROKER) WHICH IS A PARTICIPANT IN THE SECURITIES TRANSFER   AGENTS MEDALLION PROGRAM (“STAMP”), THE NEW YORK STOCK EXCHANGE, INC.   MEDALLION SIGNATURE PROGRAM (“MSP”), OR THE STOCK EXCHANGES MEDALLION PROGRAM   (“SEMP”) AND MUST NOT BE DATED. GUARANTEES BY A NOTARY PUBLIC ARE NOT   ACCEPTABLE.