Willis Tower new competition by retailing giants such as Kmart, Kohl's, and Walmart. The fortunes of Sears & Roebuck declined in the 1970s as the company lost market share; its management grew more cautious. Nor did the Sears Tower draw as many tenants as Sears had hoped. The tower stood half-vacant for a decade as a surplus of office space was erected in Chicago in the 1980s. In 1990, the law firm of Keck, Mahin & Cate decided to move out of its space in the Sears Tower and into a development that would become 77 West Wacker Drive, rebuffing Sears' attempts
Joshua Sears Building works on what is now Peter Kirk Park. The building originally intended to house a bank at the corner. Sears outfitted the entire interior and even hired a partial staff but with the arrival of the Panic of 1893, the doors, like the steel mill, never opened. In the years after the bust, the building, like many others in the area remained mostly vacant, though it, along with a large portion of the original townsite remained in the ownership of the Sears estate. The corner space was eventually occupied by a printing company and later a grocery store. An electric