The 10-acre development site sits on West Post Road west ofBuffalo Drive, across the street from the new Las Vegas campus ofpublicly traded International Game Technology. Kuckler paid $8.2million for the 10-acre property, according to county propertyrecords.

Kuckler opened the local division of Panattoni in 2003 and forthe last four years has overseen development here for the company.Kuckler tells GlobeSt.com he's going out on his own for a newchallenge, which includes learning more about the private equityand legal facets of the development process, which at Panattoniwere handled by different teams.

For his first deal as PAR Development, Kuckler says he financedthe purchase of the property with a local bank and is financing thedesign, entitlement and permitting phases with equity from a fewprivate partners. The total development cost will come in around$31 million, he says. The project is slated to break ground in thesecond quarter with completion scheduled for the fourthquarter.