The Willis Tower was re named in 2009 after the insurance broker Willis Group Holdings leased the naming rights . The Sears Tower was opened in 1973 and is 1,730 feet tall, including its antenna. It was originally named for retailer Sears, Roebuck & Co, which moved its headquarters to Hoffman Estates, Ill.
Why is the sears tower now the willis tower?
In 2009, the name of Sears tower changed to Willis Tower because of the Willis Group Holdings, who bought Sears Tower. The major drawback of the building is that it is susceptible to lightning strikes because of the tall structure and antennas.
One more question we ran across in our research was “Is Sears Tower the same as Willis Tower?”.
One way to consider this is In 1988, Sears Roebuck and Company sold and moved out of the building, but the Sears Tower name remained the same . It was renamed Willis Tower in 2009 after the Willis Group Holdings, the global insurance broker who calls the Tower its Midwest home.
How did Willis Tower get its name?
In March 2009, London-based insurance broker Willis Group Holdings agreed to lease a portion of the building and obtained the naming rights. On July 16, 2009, the building was officially renamed Willis Tower .
Why is it called Willis Tower?
In 2009 the building was renamed Willis Tower after the Willis Group Holdings, the global insurance broker who calls the Tower its Midwest home. Willis Tower was purchased by Blackstone in 2015 for $1.3 billion.
Construction was completed in May 1973 . Willis Tower was the world’s tallest building until 1998. After 18 years, Sears Roebuck and Company sold the tower and moved out of the building. In 2009 the building was renamed Willis Tower after the Willis Group Holdings, the global insurance broker who calls the Tower its Midwest home.
What was the name of the Sears Tower in Chicago?
Willis Group Holdings became a major tenant of the building in March, 2009.
What happened to Sears Tower after 18 years?
After 18 years, Sears Roebuck and Company sold the tower and moved out of the building. In 2009 the building was renamed Willis Tower after the Willis Group Holdings, the global insurance broker who calls the Tower its Midwest home. Willis Tower was purchased by Blackstone in 2015 for $1.3 billion.