Granite Properties, a commercial real estate investment, development, and management company, announced today that Will Hendrickson, currently Senior Managing Director and the Dallas market leader, will become Granite’s CEO effective January 1, 2024. At the same time, Michael Dardick, Founding Partner & CEO of Granite Properties, will transition from his long tenure as CEO to become Granite’s Executive Chairman.
“Following a months-long and thoughtful succession process, I’m thrilled to announce that our current Dallas market leader and Senior Managing Director, Will Hendrickson, will be Granite’s next CEO,” said Michael Dardick, Founding Partner & CEO, Granite Properties. “Will is a trusted leader and the right person to effectively guide Granite forward. He has a proven record of growing our Dallas platform and brings a breadth of skillsets important to Granite’s future. Elevating and realigning our leadership team with Will at the helm is the key to our continued success for the next 30+ years.
“I’m excited about my new role as Executive Chairman,” he added. “It’s an honor to work with such talented and dedicated people every day. I’m proud of what we’ve achieved together navigating the ever-evolving real estate industry while always putting the experience of our customers first.”
In addition to the CEO transition, the following leadership changes are being made to best position the company’s growth strategy for the future, effective January 1, 2024:
- Bill Brown, currently Chief Investment Officer, will be promoted to President and continue his role as CIO focused on advancing the company’s growth.
- Paul Bennett, currently Senior Director of Investments, will be promoted to Senior Managing Director and the Dallas market leader succeeding Will Hendrickson.
- Jason Purvis, currently Senior Managing Director and the Southern California market leader, will add responsibilities as Head of Capital Raising. As part of this move, all the firm’s capital activities are consolidated under Ace Roman, Chief Financial Officer, and Jason will report to Ace.
- Greg Fuller, Scott Martin and Sheryl Troiani will continue to serve respectively as Chief Operating Officer, Executive Managing Director, and Chief Administrative Officer.
Granite’s executive committee will be led by Will and consist of Ace Roman, Bill Brown, Greg Fuller, Scott Martin, and Sheryl Troiani.
As Executive Chairman, Michael will continue to be fully engaged in the company, ensuring a smooth transition, and providing guidance, external relations, and investor management.
“I’m honored to serve as Granite’s next CEO,” said Will Hendrickson, Senior Managing Director, Granite Properties. “I look forward to working with our talented team to continue delivering the highest quality office space to our customers and creating value with our partners. I want to thank Michael for his leadership, guidance and friendship. He embodies the values of our company: Passion to lead with integrity, dedication to serve, drive to create opportunities, and never-ending pursuit of improvement. I look forward to continuing to work together and drive Granite’s growth through developments and acquisitions,” he added.
Will began his career at Granite as an Investment Analyst in 2003. He rose to the role of Senior Director of Investments leading Granite’s investment activities in Atlanta, Austin, Denver and Houston, which included acquisitions, dispositions, development and financial structuring. He was promoted to lead the Dallas office as Senior Managing Director in 2017. He has led the day-to-day operations and growth in Dallas, including the development of three Class-A+ office developments in Uptown, Plano and Southlake, and the acquisition of a large Class-AA mixed-use project in Uptown.
Will is a NAIOP NTX board member, a ULI National Product Council member, a TREC Board of Directors and ALC Steering Committee member, an Uptown Dallas Inc. board member, and a University of Texas Real Estate Advisory Council Executive Council member. He has a B.A. from Washington and Lee University and a M.S. in Real Estate from Johns Hopkins University Carey Business School.
Michael founded Granite in 1991, along with the Schusterman family, a long-time leader in the oil and gas industry. Their vision of building a company based on sound investments, strong relationships, and a strong sense of giving back to the community has been the foundation of Granite’s success. The firm started with an office building acquisition in Dallas in 1991 and grew to complete over 30 million square feet of real estate development and acquisitions in Dallas, Houston, Atlanta, Denver, Southern California, Boston and Nashville. Placing high value on both people and culture, Michael and his team created a successful firm renowned for providing high-quality, highly-amenitized and well-located office buildings. Under Michael’s leadership, Granite developed notable projects including Granite Park, a 90-acre master planned mixed-use campus in Plano; Midtown Union, a transformative mixed-use project in Midtown Atlanta; and Factory Six03, transforming the landmark West End Marketplace into creative Class-A office space in Dallas.
About Granite Properties
Granite Properties is a privately held commercial real estate investment, development and management company founded in 1991. The firm owns 12 million square feet of high-quality office space in Dallas, Houston, Atlanta, Denver, Southern California, Boston and Nashville. Granite is an established investor, developer, and manager with a focus on sustainable, highly amenitized projects. It has completed more than $10.3 billion in real estate transactions and more than 30 million square feet of real estate development and acquisitions. Current active development projects in Atlanta, Boston, and Dallas total over 2 million square feet with total costs over $1.5 billion. Granite focuses on creating extraordinary customer experiences through mixed-use environments, rich amenities, customer-centric service, and innovative wellness features. Granite, NAIOP’s 2022 Developer of the Year, was named one of Fortune Magazine’s Best Workplaces nine times, ranking #8 on their 2022 Best Workplaces in Real Estate list. For more information, visit: graniteprop.com.
