Published August 2005

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.

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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