
by Michael Snowden
Published: Thu, March 12, 2009 - 11:40 am CST
Last Updated: Thu, March 12, 2009 - 11:45 am CST
CHICAGO (AP) - The tallest building in America is getting a newname.
Chicago's Sears Tower will be renamed Willis Tower after
London-based Willis Group Holdings. The insurance broker announced
the name change and other details of its agreement with the
building's owners Thursday.
Willis is moving five local offices and nearly 500 employees
into the 110-story building. The move is expected to be completed
by late summer.
Willis will occupy more than 140,000 square feet at $14.50 a
square foot. The company says it's not paying anything extra for
the naming rights.
The 1,451-foot skyscraper is owned by a real estate investment
group formed in 2004 to buy the tower.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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