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162 Fifth is the Alternative

11,000-SF Lease in Chelsea
By Kelly Loper
May 13, 2002 | 1:19 P.M.

Azimuth Alternative Assets LLC signed a lease for an 11,000- square-foot office suite at 162 Fifth Ave. in Chelsea. The financial services company will occupy the entire 7th floor. The owner recaptured the space from the former tenant, who was marketing it for sublease via Mark Mandell and Steven Bauer of Cushman & Wakefield. Gregg Schenker, Joseph Del Vecchio and Earle S. Altman of Murray Hill Properties/ A.B. Partners represented the owner, 162 Associates LLC. Sloane Rhulen of Newmark & Co. Real Estate Inc. represented the tenant.

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