The 15.7-acre Chesterfield County property expands the developer’s footprint in the growing self-storage sector

June 20, 2026: Peterson Cos. has acquired a 15.7-acre parcel in Chesterfield County, Virginia, for planned self-storage development. The purchase reflects the company’s continued investment in commercial real estate and its growing interest in the self-storage industry.

The property, located at 9420-9500 Midlothian Turnpike, was purchased from Gouldin Properties LLC for $2.18 million. While details regarding the size, design, and timeline of the proposed self-storage facility have not yet been released, the acquisition positions Peterson Cos. to capitalize on increasing demand for storage space in the region.

Chesterfield County continues to experience residential and commercial growth, creating opportunities for new self-storage developments that can serve local households and businesses. The site’s location along Midlothian Turnpike offers strong visibility and accessibility, making it a strategic addition to the company’s development pipeline.

Founded in 1965 and headquartered in Fairfax, Virginia, Peterson Cos. is one of the largest privately owned real estate developers in the Washington, D.C., metropolitan area. The company has extensive experience in acquiring, developing, and managing a diverse range of commercial properties, including industrial, office, residential, retail, and self-storage assets.

As plans for the project move forward, additional information is expected to be released regarding the facility’s specifications and development schedule.

Source: www.insideselfstorage.com/self-storage-development/self-storage-development-and-zoning-activity-june-2026