The sale represents the increased demand for residences and services with the neighborhood's growing tech industry says Cushman & Wakefield.

This is a buy-and-hold investment for Douglas Development as the retail tenant just signed a 10-year lease.

Completing more than 50 transactions for an aggregate value of more than half a billion dollars, Monahan, a 30-year veteran of the commercial real estate industry, set a national pace for value creation on behalf of CBRE clients.