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Willis Tower Owners Looking for Investors or Buyer
CHICAGO (AP) -- The owners of the Willis Tower are looking for investors, or a buyer, for North America's tallest building.

About 18 percent of the 110-story skyscraper is vacant, and owners have launched a recapitalization effort.

The current owners paid $840 million for the 1,450-foot tower in 2004. They haven't said how much they'd ask for today.

The building first opened in 1973 as the Sears Tower. Sears Roebuck and Co. was the original tenant before moving to the suburbs in 1992.

In 2009, the owners negotiated a naming rights deal with London-based Willis Group Holdings, which moved 500 employees into 140,000 square feet at $14.50 per square foot.

Tower visitor Eboni Heath says she just hopes the name doesn't change again.
Other tenants include United Airlines.

(Copyright 2011 by The Associated Press. All Rights Reserved.)
06 03 11 by Newsroom
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