Stamford office complex sells for $22.6 million

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Commercial real estate brokers CBRE confirmed the sale of a Stamford office complex at 225 High Ridge Road for $22.6 million. TNREF III High Ridge LLC, the buyer, is a joint venture between Darien-based Baywater Properties and True North Management Group, an investment fund based in White Plains. The seller was RA 225 High Ridge LLC, a company run by the Australian RNY Property Trust, the Stamford Advocate reported. The 244,100-square-foot building is 81 percent occupied, according to CBRE. [Stamford Advocate]