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GREENWICH, CT-Millennium Operations, a subsidiary of New York City-based hedge fund Millennium Partners LP, is moving to larger space at 1700 East Putnam Ave. here. The hedge fund is relocating from 411 West Putnam Ave. to 22,000 sf at the Related Cos.’ 1700 East Putnam Ave.

Millennium Operations will take occupancy in early 2007 on parts of the second and third floors of the 186,000-sf building that is currently 65% occupied. The firm plans to have its executive offices and a trading floor in its new space.

William V. Cuddy, Jr. and Budd Wiesenberg of CB Richard Ellis’ Westchester/Fairfield office represented Related, while Gilbert Ohls and Rick Rosencranz of Newmark Knight Frank represented Millennium. A Newmark spokesperson had no comment on the lease deal.

Capital improvements are currently under way at the building for all common areas, including a new lobby that will be completed by the end of this year. Other tenants at the property include: Valero Energy, Greenwich Technology Associates, Pilot Rock Capital, Taylor Investments, BearingPoint and AON. Valero Energy, which has a lease for 80,000 sf, has put the entire space on the sublease market. To date, Cuddy notes, Valero has successfully sublet approximately 18,000 sf.

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