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Willis Tower’s owners look for buyer

The owners of the Willis Tower in Chicago have appointed brokerage Eastdil to find a buyer for the building, formerly known as the Sears Tower, according to a person with knowledge of the matter.

The sale of the 110-storey tower could set a record for the city if it fetches the around $1.5bn that is expected.

The building dates back to the 1970s, and was most recently sold – to investors including Joseph Chetrit, Joseph Moinian and American Landmark Properties – in 2004, when it fetched $841m.

Click here for the full Bloomberg article

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