Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PLYMOUTH MEETING, PA-Weeks after he unexpectedly resigned as board chairmanof locally based Kramont Realty Trust, Norman M. Kranzdorf, 72, is named SVPof retail, a newly created position at Urdang & Associates Real EstateAdvisors, Inc., also based here.

Kranzdorf’s real estate industry experience spans 40 years. In 1979, hefounded Kranzco Realty Inc., a general commercial real estate management andbrokerage firm. In 1992, he co-founded Kranzco Realty Trust and served aspresident and CEO until June 2000 when it merged with CV REIT to form Kramont. At thattime, he was appointed to a five-year term as chairman of Kramont’s board.

When he resigned on July 14, 2003, Mitchell Brown, Kramont’s director ofmarketing, told GlobeSt.com that Kranzdorf had initially hoped to be moreactive in the business, but the increased importance placed on having anindependent chairman prohibited him from being involved in day-to-day operations.Kranzdorf remains on Kramont’s board for the duration of his five-year term.

From 1972 to 1981, Kranzdorf was president of Amterre Development Inc., asuccessor to Food Fair Properties Inc., a shopping center owner andmanagement company. He continues to serve as chairman of Amterre Property Group LLC, anewly formed shopping center firm.

In addition, Kranzdorf is chairman of the International Council of ShoppingCenters’ bankruptcy task force and is a former ICSC trustee.

In announcing Kranzdorf’s appointment, Richard Ferst, Urdang’s COO, says,”with his knowledge of the shopping center industry and, as the founder of apublicly traded NYSE REIT, he brings a wealth of experience to our company.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.