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 Canada of Distinctive Appliances and the sale was due to be completed in December 2017. The headquarters were in Downtown Toronto, inside an eight-story complex which was formerly the home to Sears' flagship location within the Toronto Eaton Centre until 2014. The headquarters moved there from 222 Jarvis Street after that building was sold in 2007. The lower four floors of the Eaton Centre location remained in use for retail, including a three-floor Nordstrom store from fall 2016 onwards, while the upper four floors continued as Sears Canada headquarters. This headquarters remained active until the retailer completed liquidation on January 14,