Sears its naming rights to the building expired in 2003 it remained the Sears Tower until early 2009. In March 2009 London-based insurer Willis Group Holdings, Ltd., was given the building's naming rights to encourage them to occupy the building. The official renaming as the "Willis Tower" took place on Thursday, July 16, 2009, during a public ceremony hosted by Willis Group Holdings. In the 1990s, the company began divesting itself of many non-retail entities, which were detrimental to the company's bottom line. Sears spun off its financial services arm which included brokerage business Dean Witter Reynolds and Discover Card. It
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