Exhibit 23.2
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by
reference into this Post-Effective Amendment No. 1 to Form S-4 Registration
Statement on Form S-8 (the "Registration Statement") of Kramont Realty Trust,
of our report dated March 3, 2000, on the consolidated financial statements
of Kranzco Realty Trust, included in Kranzco Trust's Form 10-K for the year
ended December 31, 1999.
/s/ Arthur Andersen LLP
Philadelphia, Pa.,
June 15, 2000
