NEW YORK CITY—Merchants' National Properties has named Craig Deitelzweig, a former managing director with Building and Land Technology of Stamford, CT, as its new president and CEO.

Deitelzweig, who also has 20 years experience in commercial real estate, joined the company officially last Thursday, the New York City-based real estate investment firm states. He replaced Claude Chandonnet, who resigned in early November as CEO of the company as well as its wholly-owned subsidiary Marx Realty & Improvement Co., Inc. Chandonnet had been CEO of MNP since 2007 and helped oversee the redevelopment and expansion of many assets within MNP's portfolio, including the major redevelopment of its 1.1-million-square-foot Cross County Shopping Center in Yonkers.

MNP chairman, Jamie Better says of Deitelzweig's hire, “Craig brings a wealth of experience in asset management, leasing, and redevelopment across all classes of real estate and we are excited to have him lead MNP in the next phase of our repositioning and growth.”