Cushman & Wakefield officials described Amaranth Advisors, LLC as a recently formed financial services firm that is currently hiring staff and should occupy its space at the 600,000-sf complex that is the former headquarters of the American Can Co., in the next 30 days. The property was built in 1970 and sits on 155 acres of land adjacent to King Street near the Connecticut/New York border. American Can vacated the property in the 1980s and the building was renovated for multi-tenant use in the late 1980s.

Meredith Siburn and Jay Hruska, associate director and executive director respectively of Cushman & Wakefield of Connecticut represented the sublessor Bay View Bank in the deal. Steven Greenbush of Insignia/ESG's Westchester-Connecticut office and Robert Martin of the firm's New York City office represented Amaranth Advisors in the transaction. The sublease deal has a six-year term, according to officials with Cushman & Wakefield of Connecticut.

Bay View Bank, a West Coast-based financial services firm, had operated its Franchise Mortgage Acceptance Corp., (FMAC) subsidiary at Greenwich American Center. The company is downsizing FMAC's presence in the area and plans to relocate those operations to smaller quarters in the region, Cushman's Hruska notes. At present, the firm has not selected a new location, he adds.