Granite Properties
Granite Properties is a privately held commercial real estate investment, development, and management company founded in 1991, owning approximately 11 million square feet of Class A and AA office space across seven U.S. Sun Belt markets, serving enterprise tenants in financial services, legal, professional services, and upscale retail/hospitality.
- Company typePrivate
- Founded1991
- HeadquartersPlano, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Granite Properties does
Granite Properties is a privately held commercial real estate investment, development, and management company founded in 1991 and headquartered in Plano, Texas. The firm owns and operates approximately 11 million square feet of Class A and AA office space across seven U.S. markets (Dallas, Houston, Atlanta, Denver, Southern California, Boston, and Nashville), and has completed more than $10.3 billion in cumulative CRE transactions and 30+ million square feet of development and acquisitions over its 35-year history. Granite's portfolio emphasizes highly amenitized trophy office towers and mixed-use developments — including 23Springs in Uptown Dallas (the firm's flagship 26-story, 642,000 sq ft tower developed in joint venture with Highwoods Properties), Midtown Union in Atlanta, McKinney & Olive in Dallas, and the 90-acre Granite Park master-planned development in Plano — with co-located upscale retail, restaurant, and hospitality components.
The company's revenue model combines long-term subscription-style rental income from triple-net (NNN) office and retail leases (quoted rates of $30–$72 per sq ft depending on asset class and market), one-time development and acquisition gains, and ongoing managed property experience services delivered through in-house leasing teams and partnerships with major brokerages including JLL, CBRE, Colliers, Cushman Wakefield, and Stream Realty. Tenant engagement is differentiated through the proprietary TogetherWeConnect® community-building program and the Inspire Wellness initiative (over $10 million invested since 2020), supplemented by ESG credentials such as Fitwel Champion status (13 certified buildings with a goal of 20), LEED certifications across the portfolio, and Energy Star ratings on 74% of properties.
Granite serves enterprise and mid-market tenants in financial services (UBS, Bank OZK, Deloitte), legal services (Sidley Austin LLP), commercial real estate (Savills, Stonelake Capital Partners), and upscale hospitality/restaurant (Torchy's Tacos, Élephante, Little Ruby's Café), with a go-to-market motion that combines direct in-house leasing (led by Senior Director of Corporate Leasing Robert Jimenez) with brokerage partnerships. Senior management — CEO Will Hendrickson, President/CIO Bill Brown, COO Greg Fuller, CFO Ace Roman, and CAO Sheryl Troiani — has navigated five market downturns together, providing unusual tenure and institutional continuity for the platform.
Granite Properties firmographics
Firmographics- Name
- Granite Properties
- Legal name
- Granite Properties
- Website
- https://graniteprop.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Granite Properties is a privately held commercial real estate investment, development, and management company founded in 1991, owning approximately 11 million square feet of Class A and AA office space across seven U.S. Sun Belt markets, serving enterprise tenants in financial services, legal, professional services, and upscale retail/hospitality.
- Ownership category
- akta.pro rank
Where Granite Properties is headquartered
LocationHeadquarters
- HQ city
- Plano
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Granite Properties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D
Revenue model
- Commercial Real Estate Rental Income: Long-term rental income from Class A office and retail space across portfolio properties in Sun Belt markets. Tenants include financial institutions, law firms, and professional services companies.
- Property Development and Acquisition: Development of new commercial properties and acquisition of existing assets for investment. Completed more than $10 billion in real estate transactions and 30 million square feet of development and acquisitions.
- Property Management Services: Property experience team providing management services to owned and potentially third-party properties, including tenant services and building operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Class AA Office - McKinney & Olive |
| Subscription | Annual | Class AA Office - 23Springs |
| Subscription | Annual | Class A Office - 550 @TheBrand |
| Subscription | Annual | Retail Space - Shops at Granite Park Three |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels5 records
Granite Properties product offering
Product offeringCore offering
Granite Properties is a privately held commercial real estate investment, development and management company that owns and operates Class AA office properties across seven U.S. Sun Belt markets. The firm acquires, develops, and manages approximately 11 million square feet of high-quality office space, offering long-term leasing, property management, and tenant experience services to enterprise clients in financial, legal, and professional services sectors.
Product overview
Granite Properties is a privately held commercial real estate investment, development, and management company founded in 1991. The firm operates a diversified portfolio of office properties across seven major U.S. markets (Dallas, Houston, Atlanta, Denver, Southern California, Boston, and Nashville), totaling approximately 11 million square feet. The portfolio includes Class AA trophy office towers (23Springs, Midtown Union, McKinney & Olive), suburban office parks (Granite Park, 90 acres with 2 million SF), mixed-use developments, and adaptive reuse projects (Factory Six03). The company differentiates through customer-centric service programs including TogetherWeConnect® (customer engagement and community building), Inspire Wellness (health and wellness amenities), and ESG initiatives.
Differentiator
Problem solved
Functional benefit
Brands
- TogetherWeConnect®: Customer engagement program focused on creating connected communities in the workplace through specialized amenities and activities.
- Inspire Wellness
- LEAD
- Elevate
Products and services
- 23Springs A 26-story, 642,670 RSF Class AA office tower in Uptown Dallas, the tallest office building in the submarket. Includes two freestanding restaurant buildings and a half-acre neighborhood park. LEED Silver and Fitwel certified.
- Midtown Union
Quantifiable outcome
- 74% leased at 23Springs as of February 2026
- +4 more outcomes
Companies that use Granite Properties
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles3 records
Granite Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Granite Properties partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Highwoods PropertiescoreJoint venture partner with Granite Properties for 23Springs development in Uptown Dallas. Highwoods is a publicly-traded REIT (NYSE:HIW) headquartered in Raleigh, NC. The partnership combines Granite's development expertise with Highwoods' REIT platform for Class AA office development.
- Leggat McCall PropertiesminorCo-developer with Granite Properties on the 40 Thorndike office tower project in East Cambridge, MA. The 475,000 SF project was developed with a $300 million loan.
- DPR ConstructioncoreGeneral contractor for 23Springs development. DPR Construction built the 26-story tower taking approximately 34 months including seven floors of below-grade parking.
- GFFcoreArchitecture firm for 23Springs. Designed the iconic tower with identifiable double X-brace columns allowing for 360-view of Uptown and Downtown Dallas.
- Sidley Austin LLPcoreAnchor tenant at 23Springs, establishing new Dallas office on top floors of the tower. Elite global law firm with approximately 2,300 lawyers and 21 offices worldwide.
- Torchy's TacosminorFast-casual restaurant brand opening upscale flagship location at 23Springs (2,533 SF) in summer 2026. 26th Torchy's location in Dallas Fort-Worth, representing new urban prototype for the brand.
- UBScoreGlobal wealth management firm leasing entire 20th floor (26,537 SF) at 23Springs, moving in summer 2026.
- Stonelake Capital PartnerscoreReal estate private equity firm more than doubling size by moving from The Crescent to 9th floor (16,008 SF) at 23Springs.
Scale indicators7 records
Recent moves8 records
Expansion highlights5 records
Granite Properties competitors and assessment
Company assessmentDirect peers
- Boston Properties: Public office REIT (BXP) and one of the largest U.S. owners and developers of Class A office properties in Boston, New York, San Francisco, and Washington DC — directly comparable trophy-office product model.
- Cousins Properties: Atlanta-based Sun Belt office REIT (CUZ) focused on trophy Class AA office towers in Atlanta, Austin, Dallas, Charlotte, and Nashville — overlapping directly with Granite's core geographies and product positioning.
- Empire State Realty Trust: Public REIT (ESRT) focused on office and retail in New York/Connecticut — operates a comparable amenitized, ESG-forward Class A office platform with similar tenant experience emphasis.
- Trammell Crow Company: One of the largest privately held commercial real estate developers in the U.S., now a wholly-owned subsidiary of CBRE Group. Operates a similar development and investment platform across major U.S. markets including Sun Belt office product.
- Piedmont Office Realty Trust: Public REIT (PDM) focused exclusively on Class A/A+ office properties in major U.S. markets including Atlanta, Dallas, Orlando, and Houston — direct overlap with Granite's target product and submarkets.
- Highwoods Properties: NYSE-listed Sun Belt office REIT (HIW) that is Granite's direct JV partner on 23Springs. Operates a similar Class A/A+ office portfolio concentrated in Atlanta, Nashville, Raleigh, Tampa, and other high-growth Sun Belt markets with a comparable tenant mix and amenitization strategy.
- Brandywine Realty Trust: Public office REIT (BDN) operating Class A office and mixed-use properties in Philadelphia, Austin, and other select markets — comparable full-service development, leasing, and property management platform.
- Stream Realty Partners: Privately held national commercial real estate firm with deep Texas roots and significant office, industrial, and mixed-use development activity across Sun Belt markets — closely comparable in business model, geography, and tenant approach.
Broad incumbents
- Tishman Speyer: Global, privately held real estate owner, developer, and operator of trophy office, residential, and mixed-use properties — broader geographic and product scope than Granite but operates a similar premium-office investment platform.
- Brookfield Properties: Major global real estate operator and developer (subsidiary of Brookfield Asset Management) with significant Class A office and mixed-use activity across major U.S. markets — comparable at scale but with broader portfolio and global footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Granite Properties social profiles
Digital presenceGranite Properties compliance and trust
Trust signalCompliance15 records
Granite Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Granite Properties leadership team
Management profileNumber of profiles
Profiles13 records
Granite Properties funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Granite Properties M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Granite Properties
What does Granite Properties do?
Granite Properties is a privately held commercial real estate investment, development and management company that owns and operates Class AA office properties across seven U.S. Sun Belt markets. The firm acquires, develops, and manages approximately 11 million square feet of high-quality office space, offering long-term leasing, property management, and tenant experience services to enterprise clients in financial, legal, and professional services sectors.
Is Granite Properties a public or private company?
Granite Properties is a private company. It is classified as management employee owned and is currently operating.
When was Granite Properties founded?
Granite Properties was founded in 1991. It employs 251 to 500 people.
Where is Granite Properties based?
Granite Properties is headquartered in Plano, United States, in the North America region.
How does Granite Properties make money?
Three revenue lines are on record. Commercial Real Estate Rental Income is the primary driver. The others are property Development and Acquisition and property Management Services.
Who are Granite Properties's main competitors?
Direct peers on record are Boston Properties, Cousins Properties, Empire State Realty Trust, Trammell Crow Company, Piedmont Office Realty Trust, Highwoods Properties, Brandywine Realty Trust and Stream Realty Partners. Broad incumbents are Tishman Speyer and Brookfield Properties.
Does Granite Properties have an API?
No public API is recorded for Granite Properties.