Whatchu' Talkin' 'Bout, Willis? Sears Tower Gets New Name
By Rob Christopher in News on Mar 12, 2009 3:20PM
photo by wallyg
Willis will be paying $14.50 a square foot but insists they didn't have to chip in anything extra for the name change. The owners of the iconic structure, a group that includes Skokie-based American Landmark Properties Ltd. and New York investors Joseph Chetrit and Joseph Moinian, apparently threw those in to sweeten the deal. Sears itself no longer has offices in the Sears Tower (they moved out in 1992) and lost its rights to the name in 2003.
UPDATE: We stand corrected. The Tower's largest tenant is currently Ernst & Young. However, the accounting firm recently signed a new lease for 203,618 square feet at 155 N. Wacker Drive, a building due to be completed in July.