Peterson Development

What Peterson Development does

Peterson Development is a privately held, family-owned real estate development company headquartered in Salt Lake City, Utah, operating across the Intermountain West since its founding by Leon Peterson in 1965. The company runs three integrated business lines: commercial real estate development (more than 1.4 million square feet of retail space and 340,000+ square feet of office space constructed to date), land development and entitlement (more than 6,200 residential homes entitled across master-planned communities), and residential homebuilding through its wholly owned subsidiary Peterson Homes (more than 1,200 single-family, multifamily, and senior-living homes built since the subsidiary's launch in 1999). The company is vertically integrated with in-house land-use planning, commercial brokerage, and construction oversight, and serves commercial tenants (including Costco, Walmart, Smith's, Starbucks, Pizza Hut, and Costa Vida), municipalities, residential home buyers, and developer/builder partners.

The business operates primarily on project-based, quote-driven economics: commercial revenue is generated through build-to-suit office projects and retail center development from raw ground to tenant occupancy; land revenue comes from entitlement and sale of master-planned parcels; residential revenue flows through direct home sales under the Peterson Homes brand. Distribution is conducted through an in-house commercial brokerage team for B2B tenants and a separate consumer-facing website (choosepeterson.com) for residential buyers, with no publicly disclosed pricing. In February 2026, the company expanded beyond real estate by introducing a patent-pending Electric Vehicle Automatic Charging Station (EVACS) and is actively seeking licensing or production partners to commercialize the technology. The second generation of the Peterson family now leads the business alongside a growing bench of non-family professionals recruited from institutional real estate and finance backgrounds.

Name

Peterson Development

Legal name

Peterson Development

Website

https://petersondevelopment.com

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

11–50 employees

Short description

Peterson Development is a family-owned, Salt Lake City-based real estate developer operating across the Intermountain West since 1965, delivering commercial retail and office build-to-suit projects, master-planned community land entitlement, and residential homebuilding via its Peterson Homes subsidiary.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Nonresidential Building Construction (2362)

SIC

General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Master-Planned Community & POA Management (BPAJAHAD)

akta.pro secondary industries

Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH), Townhome & PUD Association Management (BPAJAHAE)

Keywords

• Commercial real estate development
• Land entitlement services
• Residential homebuilding
• Master planned communities
• Build-to-suit construction

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Others

Distribution channels3 records

Marketing channels1 record

Core offering

Peterson Development is a full-service real estate development company providing commercial real estate construction, infrastructure development, land acquisition and sales, and entitlement services across the Intermountain West. The company develops retail centers, build-to-suit office projects, and master-planned communities, and operates the wholly-owned subsidiary Peterson Homes, which constructs single-family, multifamily, and senior-living homes in Utah.

Product overview

Peterson Development operates as a diversified real estate development company with two main divisions: (1) Peterson Development (Core Services) providing commercial real estate construction, infrastructure development, land acquisition and entitlement services; and (2) Peterson Homes, a residential homebuilding subsidiary constructing single-family, multifamily, and senior-living communities since 1999. The company is also expanding into technology products with the introduction of the Electric Vehicle Automatic Charging Station (EVACS), a patent-pending automated charging solution for electric vehicles.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Development Development of retail centers and build-to-suit office projects for national and local tenants such as Costco, Walmart, Starbucks, Smith's, Pizza Hut, and Costa Vida. Includes raw ground-to-tenant-occupiable space delivery and turn-key solutions for growing or relocating businesses.
• Land Development and Entitlement Planning and entitling land in communities throughout the Intermountain West, including master-planned communities with more than 6,200 residential homes entitled. Includes site planning, subdivision design, community master planning, and partnership with local municipalities and other developers/builders.
• Peterson Homes (Residential Homebuilding) Wholly-owned subsidiary building single-family homes, multifamily homes, and senior-living communities throughout the Salt Lake Valley since 1999. Has constructed more than 1,200 homes and targets Utah residential buyers seeking new construction in company-developed communities.
• Electric Vehicle Automatic Charging Station (EVACS) Patent-pending automated EV charging system that eliminates the need for drivers to manually plug or unplug chargers. Features weatherproof, modular design with adjustable-height charging docks and spring-loaded covers; compatible with passenger cars, fleet trucks, and recreational vehicles. The company is actively seeking licensing or production partners.

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Sterling Organization: Vertically integrated retail real estate investment, development, and management firm — directly comparable on retail center development and tenant relationships.
• Ivory Homes: Utah's largest private homebuilder, founded 1986, also family-owned and operating in the Salt Lake Valley with master-planned communities and residential construction — the most direct peer to Peterson Homes.
• Wadsworth Development Group: Utah-based master-planned community developer with deep expertise in land acquisition, entitlement, and large-scale residential communities across the Wasatch Front — directly comparable business model and geography.
• Woodbury Corporation: Family-owned Utah real estate developer involved in commercial, office, industrial, and master-planned community development — closely comparable multi-generational, multi-product real estate development firm.
• ICO Development: Salt Lake City-based real estate development company where Peterson team member Matt Erickson began his career — comparable regional peer in commercial and mixed-use development.
• CenterCal Properties: Retail center developer and operator focused on the Western U.S., directly comparable to Peterson's commercial retail development practice with national tenant relationships.
• Vestar: Arizona-based privately held commercial retail and entertainment destination developer — comparable in operating model and tenant-mix focus on national retailers.
• Hamilton Partners: Family-owned real estate development firm with mixed-use, office, and industrial projects across multiple U.S. markets — comparable full-service, multi-generational developer model.
• Terrapin Development: Salt Lake City-based commercial real estate developer focused on retail, office, and mixed-use projects — direct regional peer in commercial development and tenant relationships.

Regional players

• Gardner Company: Boise, Idaho-based developer of master-planned communities, commercial, and healthcare properties in the Intermountain West — comparable in product mix but operating in an adjacent state.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/peterson-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peterson Development