PC develops, owns and manages commercial, office, residential, retail and self-storage properties in Maryland and Virginia
November 17, 2021: Peterson Cos. (PC), a real estate development firm based in Fairfax, Virginia, has launched an official self-storage division. The new department, the company’s first in 35 years, will be led by Jim Mertz, senior vice president.
PC owns three self-storage facilities in Virginia. It opened the first in Ashburn in 2018, comprising 136,000 square feet. That property was followed by a 132,000-square-foot facility in Gainesville and a 110,000-square-foot facility in Stafford. All are managed by CubeSmart, a self-storage real estate investment trust and management company. PC also recently broke ground on a location in Maryland, which is expected to open next year, the source reported.
“The self-storage industry is experiencing tremendous growth right now, and demand for self-storage in the greater Washington, D.C., region is at an all-time high,” said CEO Jon Peterson. “With three operating facilities and several more in the pipeline, the time was right to create a dedicated division focused on growing our self-storage portfolio, and Jim was the perfect choice to lead this effort.”