New Venture Starts With 175,000-SF Development

LAS VEGAS-A former division manager for Panattoni Development here has launched PAR Development Inc., which will specialize in industrial projects in the Greater Las Vegas area. For his first build, Jason Kuckler is preparing to develop Port Park, a 175,000-sf, four-building project in the southwestern portion of the valley that would be visible from Interstate 215.

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

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