Barclay Group acquired Kiley Ranch Marketplace in Sparks, Nevada, for $25.6 million. The 46-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 future development.
The site is slated to become Sparks’s first new retail power center since 2005. 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.Â
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.
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