Published August 2005
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Photo
courtesy of Barclays North Inc., Lake Stevens
These Lake
Stevens homes are among the many Snohomish County developments
by Barclays North, one of the county's largest land developers
and builders of residential, commercial and light industrial facilities.
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Barclays has numerous properties in
county
By
John Wolcott
SCBJ Editor
Barclays North Projects Developments include
Prairie creek Village in Arlington, with one of three Haggen food and
pharmacy stores Barclays has developed; Pioneer Square in Lake Stevens
(Burger King, Schuck’s, Big O Tires and Texaco); Chain Lake Center in
Monroe (Allstar Fitness Center and multi-tenant retail buildings) and
Lake Stevens Station (Target, a retail center, a professional and medical
office building, the Highway 9 Casino and a regional community transit
site).
The residential developments include Lobo
Ridge, Snohomish; Kingsridge, Mill Creek; with 159 homesites; Shaunessy,
Mill Creek, with 262 homes and community parks; The Farm at Woods Creek,
Monroe; Georgetown Estates, Lake Stevens and The Reserve at Lake Stevens.
Underway this year: homes in Pasadera, Lake
Stevens; Osborne in Lake Stevens and Baileys, all for Quadrant Homes;
plus Morris, a 33-unit condominium project for Bonterra Homes; Eagle Point
in Marysville, a 408-unit condo project and Interair Commerce Center,
a commercial subdivision for industrial condominiums.
New projects outside the county include Streamline
Tower in Las Vegas, with 251 luxury condos and 45 retail stores; Sawtooth
Lodge in Sun Valley, Idaho, and Canyon Clock Center, a retail development
in Frederickson, near Tacoma. Also, Barclays is accumulating a portfolio
of sites for building more than 5,000 county homes in the next three-to-five
years.
History
of Barclays North
Founded in 1989 by Patrick and Stephanie
McCourt, Barclays North is one of the largest land developers and builders
in Snohomish County.
High standards, quality construction, solid
business relationships and developing leadership skills in their employees
has contributed greatly to the firm’s growth, said CEO and President Patrick
McCourt, who guides the company with “a strong set of corporate values.”
Growing from three employees in 1989, McCourt,
his wife and an assistant, to 72 people in mid-2005, with 20 more positions
still to be filled for McCourt’s future growth.
Last year alone, the company developed 487
residential lots; finished 111,540 square feet of commercial property;
leased nearly 104,000 square feet of commercial space; increased its managed
commercial property to 1,388,410 square feet; managed financial affairs
for 59 company-owned LLCs; contracted more than 3,000 acres of land for
future development, and disposed of more than 400 developed lots and 22,000
square feet of commercial buildings.
Barclays North’s government affairs department
prevailed on several government issues involving land development in Snohomish
County and its cities, areas where Barclays has helped to provide leadership
in addressing and resolving housing and economic development challenges.
Development in Snohomish County includes
their own 5-acre corporate site in Lake Stevens’ South Lake Center, with
a retail center, professional office building and new corporate headquarters.
At mid-summer, another building is nearing completion, with a fourth one
planned to start construction this year for a training center for Barclays’
staff.
“Credit for success like this really goes
to the management and employees,” McCourt said, praising his wife, Stephanie,
who retired last year as chief financial officer; President Tony Kastens;
Leslie Adamson, CFO; General Counsel David Sprinkle; Tim Brugg-man, vice
president of operations; David Toyer, vice president of government affairs;
Malcolm McNaughton, vice president of land development; Scot Becraft,
vice president of commercial projects; Julie Whitney, vice president of
administration and human resources; Dawn Solvberg, vice president of finance,
and Tom Cummings, vice president of capital.
McCourt plans to continue investing in such
things as Sultan’s Centennial celebration and contributing to groups such
as Housing Hope and local Boys and Girls Clubs. “Our staff lives in these
areas, so we try to contribute a lot. It’s part of our corporate integrity,”
he said.
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