Willis Tower to entice the firm to stay. Two years later, Sears began moving its own offices out of the Sears Tower. In 1994, Sears sold the building to Boston-based AEW Capital Management, with financing from MetLife. At the time, it was one-third vacant. By 1995, Sears had completely left the building, moving to a new office campus in Hoffman Estates, Illinois. In 1997, Toronto-based TrizecHahn Corporation (the owner of the CN Tower at the time) purchased the building for $110 million, and assumption of $4 million in liabilities, and a $734 million mortgage. In 2003, Trizec surrendered the building to lender
Sears, Roebuck and Company Complex a modillioned cornice. It housed water tanks for firefighting on the upper levels, as well as offices and secretarial training facilities. It also housed the early broadcast facilities for WLS-AM. In 2015, it was refurbished and reopened to the public as the "John D. and Alexandra C. Nichols Tower". It now houses non-profit groups and offices, including a classroom on the 12th floor for the School of the Art Institute of Chicago. The Sears Roebuck plaque is still visible on top of the building. The Sears, Roebuck and Company Administration Building is a broad five-story masonry building, occupying about 3/4