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
Joshua Sears Building "SEARS". The second entrance is centered on the east facade and bears many of the same features: pressed metal pediments, etc. The Sears Building was built in 1891 by Boston millionaire, philanthropist and Kirkland investor Joshua Montgomery Sears as part of the speculative land boom following Peter Kirk's proposal of building a steel producing mecca that would rival Pittsburgh on the east side of Lake Washington. The building cost $18,000 to build, at the time the most expensive being built in Kirkland outside of the steel mill itself. The bricks were pressed from local clay at Peter Kirk's own brick