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Michael Dardick

Michael Dardick co-founded Granite Properties with the Schusterman family and led it as CEO for 32 years. He became Executive Chairman in 2024 after the company appointed Will Hendrickson as CEO. Granite owns and manages office and mixed-use properties in major U.S. markets, with a focus on service-oriented workplaces and long-term ownership. Granite Properties

Updated

Known For

  • Co-founding Granite Properties in 1991 and building it into a multiregional office investment, development, and management company.
  • Overseeing the firm's growth from early Dallas acquisitions into a platform that Granite says has acquired or developed more than 27 million square feet during its history.
  • Completing a planned CEO transition in 2024, while staying involved as Executive Chairman in strategy, investor relations, and external relationships.

Career

Dardick began in banking and led a distressed-real-estate division before co-founding Granite Properties with the Schusterman family in 1991. Granite says it acquired 2.7 million square feet across 22 office buildings, primarily in Dallas, during its first three years. Over three decades as CEO, Dardick grew the firm into a multi-market owner, developer, and manager. Granite now reports owning 11 million square feet of office property across Dallas, Houston, Atlanta, Denver, Southern California, Boston, and Nashville. These are company-wide figures, not assets personally owned by Dardick.

Succession and Operating Focus

Granite announced in October 2023 that Will Hendrickson would become CEO on January 1, 2024, while Dardick moved to Executive Chairman. The company said Dardick would remain engaged in guidance, external relations, and investor management. Granite's stated investment approach emphasizes high-quality office properties, mixed-use settings, amenities, customer service, and long-term relationships. The transition kept its founder involved while moving day-to-day executive authority to a leader with market and operating experience inside the firm.

Related Pages

  • Investor People Hub
  • Granite Properties
  • Dallas-Fort Worth Investment Hub
  • Office Hub
  • Source: Top CRE Leaders Major US Cities

Sources