TA Realty, on behalf of The Realty Associates Fund VIII and The Realty Associates Fund X, has sold a 2.8 million-square-foot, 20-property industrial portfolio to Colony NorthStar for $201 million.

The industrial assets that comprise the portfolio are located along the I-95 corridor, from Maryland through Delaware, with the heaviest concentration in the Baltimore area.

Fund VIII and Fund X are part of TA Realty’s flagship fund series that focuses on creating diversified real estate portfolios that generate strong cash flow, benefit from intensive asset management and result in long-term value creation.