Peterson Companies and its affiliates have had a major impact on the Washington, D.C. area’s real estate development industry since 1965. Headquartered in Northern Virginia, the company has an extensive history of successful development and acquisition of properties in office, retail, residential, and land development. Peterson Companies is one of the largest privately-owned development companies in the region and employs over 150 people. The company has professionals in all facets of the development process in-house -- including design and construction, project management, land planning and zoning, legal, accounting, property management, leasing, and project finance. The Company has developed some of the most highly recognized and successful projects in the entire metropolitan region.
At Peterson Companies, the focus has always been on land and its uses: studying it, acquiring it and knowing what and when to build on it. Today, a map of the Washington, D.C. area reveals what this focus has produced. For over 50 years, the company has been a leader in the area of mixed-use suburban development and has played a leadership role on many prominent real estate projects in Northern Virginia and Suburban Maryland - including such projects as Fair Lakes, Washingtonian, Fairfax Corner, the redevelopment of Downtown Silver Spring, Virginia Gateway, National Harbor, and Tysons McLean Office Park. Peterson Companies' major residential communities include Burke Centre, Franklin Farm, Centre Ridge, Virginia Oaks, Greenhill Crossing/Somerset, Fox Mill, Crosspointe, and Union Mill. Throughout its history, the company has developed thousands and thousands of acres of land for residential, retail, and office parks.
The future potential of Peterson Companies is evidenced by its pipeline for future development, which will allow the Company to continue to pursue a wide range of development opportunities throughout the region for years to come. The Company owns over 2,000 acres of land at two dozen locations in 11 different jurisdictions in Virginia and Maryland. This land is in various stages of planning, zoning and development and ultimately could yield over 6,000,000 square feet of office/industrial use, 4,500,000 square feet of retail, and 7,000 residential units.
Peterson Companies is led by Milton V. Peterson, Founder and Chairman. Milt Peterson was the recent recipient of the TrendLine's Private Sector Trendsetter of the Year Award. In past years, the Company was named Northern Virginia NAIOP's Firm of the Year, and has won over 70 awards for preservation, marketing, and design excellence.