Granite Real Estate Group

What Granite Real Estate Group does

Granite Real Estate Group (legally Granite Real Estate Group, LLC, doing business as Granite Group LLC) is a privately owned, full-service commercial real estate company headquartered in East Syracuse, New York. The firm was founded by principals Steve Cicci (CEO) and Robin Young (CFO) and operates with 11-50 employees, managing a portfolio of over 1.4 million square feet of medical office, Class A/B+ office, and retail properties across New York State and Florida. Granite's offering is structured around four integrated service lines: Property Management (with in-house accounting and day-to-day operations), Brokerage (seller/landlord and buyer/tenant representation, leasing, investment sales, dispositions), Construction & Design Services (architectural design, construction budgeting, project management, interior design), and Acquisition & Investment Services (asset analysis, valuation, negotiation, due diligence). The integrated model is designed to cover the full asset lifecycle for property owners and investors from acquisition through operations and eventual disposition.

The company monetizes through three primary revenue streams: recurring managed services fees on its 1.4M sq ft portfolio; transaction-based brokerage commissions on leasing, sales, and dispositions; and project-based professional services fees for construction/design and acquisition advisory work. The technology stack is explicitly traditional; the firm does not operate a proprietary platform and does not advertise any API, app, or software product. Demand generation relies on direct client relationships, the company's professional website, and commercial real estate marketplace listings (LoopNet).

The customer base spans healthcare tenants (St. Joseph's Hospital IT, Drakos Clinical Laboratories, Allergy Asthma Associates, KPH Healthcare/Proact/Kinney Drugs), government agencies (State of New York, US Army Corps of Engineers), and enterprise users (Suburban Propane, Pulte Homes, IBEW Local Electricians, Marsh & McLennan, Homestead Funding), anchored in flagship owned/managed assets such as the 6333 State Route 298 Class A building in East Syracuse and the 96.7%-leased 4400 PGA Boulevard Class A tower in Palm Beach Gardens. The company reports no external funding rounds, has no parent entity, and operates without disclosed subsidiaries.

Name

Granite Real Estate Group

Legal name

Granite Real Estate Group, LLC

Website

https://granitegroupllc.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Granite Real Estate Group is a privately owned, full-service commercial real estate firm based in East Syracuse, New York, managing over 1.4 million square feet of medical, office, and retail properties via integrated property management, brokerage, construction/design, and acquisition services across New York and Florida.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Nonresidential Property Managers (531312), Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC), Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Commercial property management
• Commercial real estate brokerage
• Medical office properties
• Real estate investment services
• Construction design services

Headquarters

HQ city

East Syracuse

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Property Management Services: Full-service property management fees for medical office, office, and retail properties. Includes accounting functions, day-to-day management, vendor and contract management.
2. Brokerage Commissions: Commercial real estate brokerage fees from sales, leasing, investment sales, and dispositions. Services include seller/landlord representation, buyer/tenant representation, and investment acquisitions.
3. Acquisition & Investment Services: Fees from strategic acquisition and investment services for medical office buildings and commercial real estate properties. Includes analysis, valuation, negotiation, and due diligence assistance.
4. Construction & Design Services: Architectural design, construction budgeting, project management, and interior design services for managed properties.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Granite Real Estate Group is a privately owned, full-service commercial real estate company that provides integrated property management, brokerage, construction and design, and acquisition and investment services. The firm manages over 1.4 million square feet of medical office, office, and retail properties, primarily across New York State and Florida, with investment activities spanning additional US markets. Its principals and brokerage team offer end-to-end capabilities from acquisition and due diligence through day-to-day property operations and eventual disposition.

Product overview

Granite Real Estate Group is a privately owned, full-service commercial real estate company offering an integrated suite of four core services: Property Management, Brokerage, Construction & Design Services, and Acquisition & Investment Services. The company manages a portfolio across three property types—Medical Office Properties, Office Properties, and Retail Properties—totaling over 1.4 million square feet. The integrated model allows seamless coordination across service lines, enabling comprehensive property-specific plans for each client, from acquisition through property management and eventual disposition.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Full-service property management for medical office, retail, and office properties, including in-house accounting functions and day-to-day operational management, vendor and contract management, and tenant services for property owners and investors.
• Brokerage Commercial real estate brokerage services including medical office, office, flex, and retail representation, seller/landlord representation, buyer/tenant representation, investment acquisitions and dispositions, market research, lease administration, and consulting for property owners, investors, and tenants.
• Construction & Design Services Construction budgeting, project management, architectural design, and interior design services delivered for managed commercial properties and their owners.
• Acquisition & Investment Services Strategic acquisition and investment services for medical office buildings and commercial real estate properties, including investment sales, dispositions, asset analysis and valuation, letters of intent, contract negotiation, and due diligence assistance for investors and owners.
• Medical Office Properties Management Property management services specifically tailored for medical office buildings and ambulatory surgery centers, including operational management for healthcare-tenant environments.
• Office Properties Management Property management services for Class A and Class B+ office buildings, including amenities management and property-specific operational plans across multi-tenant suburban office properties.
• Retail Properties Management Property management services for retail centers, including strip malls and shopping centers, with operational and tenant management support for retail property owners.

Quantifiable outcome

• 1.4 million square feet of medical office, office, and retail property under management
• +3 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Lincoln Property Company: National commercial real estate services firm offering property management, leasing, and project management. Directly comparable property management capability for office and retail, particularly at the scale Granite operates in.
• Cushman & Wakefield: Global commercial real estate services firm offering property management, valuation, leasing, and investment advisory. Direct peer for office and medical office property management, with comparable four-pillar service structure.
• CBRE Group: The world's largest commercial real estate services firm offering property management, brokerage, investment sales, and project management across all major asset classes. A direct competitor for institutional-grade property management and investment acquisition mandates, though Granite operates in a smaller, more regional footprint.
• Newmark Group: Commercial real estate services firm offering leasing, capital markets, investment sales, and property management. Comparable integrated service platform with stronger capital markets capabilities and broader geographic reach.
• Colliers International: Global commercial real estate services and investment management firm offering brokerage, property management, and project management. Similar integrated service model and competes for the same mid-market property owners and investors that Granite targets.
• JLL (Jones Lang LaSalle): Global full-service commercial real estate firm providing property management, capital markets, leasing, and advisory services. Competes with Granite for mid-market office and medical office mandates and offers a comparable four-pillar service model at significantly larger scale.

Direct peers

• SVN International (Sperry Van Ness): Commercial real estate brokerage franchise with a regional franchisee model. Comparable mid-market investment sales and leasing focus with a distributed, smaller-office operating model similar to Granite's boutique footprint.
• Marcus & Millichap: Specialized commercial real estate investment sales brokerage firm focused on middle-market transactions. Similar mid-market investment acquisition and disposition orientation, though Granite pairs this with full property management rather than brokerage-only.

Regional players

• Pyramid Brokerage Company: Upstate New York-based commercial real estate brokerage firm with similar geographic concentration to Granite. Closest direct regional competitor for office, retail, and medical office brokerage in the Syracuse/CNY market.
• Hatch Realty Group / NAI Pinnacle: Regional Upstate New York commercial real estate firm with a comparable focus on property management, brokerage, and tenant representation across office, medical, and retail in the CNY/Syracuse market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/granite-real-estate-group-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

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 Granite Real Estate Group