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Steve Peterson

Steve Peterson

Huntsman School of Business: Jeffrey D. Clark Center for Entrepreneurship Founder's Board
Title:  Partner
Company:  Millrock Development
Location:  Salt Lake City, Utah


BS, Administrative Systems, Utah State University, 1979
BS, Speech, Utah State University, 1984

Huntsman School Interactions

The Center for Entrepreneurial Excellence Founder's Board
Entrepreneur Leadership Series Speaker - April 1, 2015
Executive Leadership Speaker - March 25, 2009


Steve Peterson has successfully developed residential and commercial properties within the Salt Lake Valley over the last 20 years, with expertise that has specialized in entitling many of these properties. He spent two years to entitle 490,000 sq. ft. of office space on the 22-acre Millrock site in one of the most challenging and upscale cities within the state of Utah. He is currently obtaining entitlements and master planning a 900-unit townhouse community located on 125 acres in Eagle Mountain, Utah.

Mr. Peterson received two bachelor’s degrees from Utah State University. One in administrative systems in 1979 and one in speech in 1984. He and his wife, Chanin, reside in Salt Lake City, Utah.

Company Information

Millrock Development, LLC (MTC Partners, LTD) is a private, entrepreneurial real estate Investment and Development Company with investments currently in Utah, with future expansion throughout the Western United States. Historically, Millrock has specifically targeted investments with opportunity and/or value enhancement characteristics in order to achieve the optimum risk-adjusted return on investment for its investors and partners. Millrock is currently seeking and accepting additional sources of capital from private high net-worth individuals and institutions to grow its real-estate and operations holding throughout the Western United States.

Millrock is managed by a team of seasoned professionals who have held leadership roles and experience in real estate, investment, development, asset management and operations. Millrock was founded in January 2002 by Steve Peterson and Nathan Ricks, who are the general partners of Millrock Development and who is the Managing Partner of each of its single asset entities. Since its inception, Millrock has completed many investments and a major development in class “A” Office Space. Millrock is currently managing investments and developments valued in excess of One Hundred Thirty Million Dollars ($130,000,000).

Millrock Park, a recently completed project consisting of 500,000 square feet of class “A” office space, is considered the Best of Class and Landmark of distinction within its marketplace. When one thinks of the “Millrock Name” you associate it with success, value and quality.


LinkedIn Profile

Company Website

Additional Facts

  • Favorite Business Book: In Search of Excellence by Tom Peters; The 7 Habits of Highly Effective People by Dr. Stephen R. Covey.
  • Favorite Food: Italian
  • Hobbies: Snow Skiing, Scuba Diving, Boating ,Golfing, and Traveling


Entrepreneur Leadership Speaker Series: April 1, 2015

Executive Leadership Speaker Series: March 25, 2009