Barclay Group has acquired Kiley Ranch Marketplace in Sparks, Nevada, for $25,600,000. The ±46.71-acre parcel is located at the southwest corner of Wingfield Hills Road and Pyramid Highway.
Kidder Mathews brokers Shawn Smith, CCIM, CRRP, and Sean Retzloff represented both Barclay and the seller, KM2 Development, Inc., and will handle leasing for the future development.
The site is slated to become the first new retail power center in Sparks since 2005. Characterized by large-format, open-air layouts and anchored by national retailers, power centers typically draw consumers from a wide regional area and often exceed 250,000 square feet in size. Kiley Ranch Marketplace is planned for ±400,000 square feet of retail.
Located in a fast-growing trade area with strong housing and income demographics, the property attracted Barclay Group due to sustained retailer demand in the market.
“This sale signals the strength of retail development in fast-growing residential corridors like Spanish Springs,” said Smith. “We’re excited to partner with Barclay Group in leasing Kiley Ranch and bringing best-in-class tenants to the community.”
Barclay Group specializes in developing and acquiring retail properties in high-growth markets across the country. The firm partners with national brands to deliver shopping centers, build-to-suit projects, and long-term investment properties tailored to evolving consumer demand.
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Idaho, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages more than 58 million square feet of space, and conducts 2,400 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
