DEPT signs 10,500 s/f lease at 470 Park Ave. South

Manhattan, NY Williams Equities has signed a 10,500 s/f, long-term lease at 470 Park Ave. South with DEPT, a global marketing services and technology company. The company is expected to occupy the eighth floor of the north tower in the first quarter of 2026.

Williams Equities’ principals Michael Cohen, Andrew Roos and Robert Getreu, and their leasing agents at Colliers International Jessica Verdi, Mac Roos and Rachel Kirkham, represented ownership. DEPT was represented by Nick Farmakis and Michael Bertini of Savills.

“We’re excited to welcome DEPT to 470 Park Ave. South,” said Mac Roos of Colliers International. “This lease underscores the value this asset provides to a wide range of professional service sectors and reflects our commitment to providing state-of-the-art workspaces that support collaboration, innovation and long-term growth.” 

“New York City is at the heart of creativity and innovation in the US, and 470 Park Ave. South provides the perfect home for our next chapter,” said Carryn Quibell, CEO, DEPT Americas. “This space will bring our teams together in an inspiring environment as we continue to grow and partner with clients across the Americas.”

470 Park Ave. South combines distinctive pre-war architecture with 21^st-century updates, offering 300,000 s/f of office and retail space across two historic towers. The north and south towers span an entire city block from 31^st to 32^nd Sts. Additional leasing options remain available throughout the building, including spaces in the 10,000 s/f range, offering opportunities for companies seeking flexible, modern office environments.

This lease is the latest example of Williams Equities’ ability to attract a diverse range of tenants across industries. Recently, the firm signed a 41,000 s/f lease with impact.com across the entire fifth and sixth floors, marking the largest lease since acquiring the building in early 2025. With DEPT taking the last remaining pre-built space, Williams Equities is now in the process of pre-building several additional floors to meet continued tenant demand.