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
Library Tower (Chicago) Associates. Library Tower (Chicago) Library Tower Chicago is located on 520 S. State Street, Chicago, Illinois, which is the block directly south of the main branch of the Chicago Public Library in the Loop community area. Currently (4/2009) the building has 184 Units. 52 units have been sold and closed. Another 36 are under contract. Apparently, the building was mostly sold unit the economy forced investors to pull out of the building, leaving it largely unsold. Units have been on sale since 2005, with closing first occurring in 2008. There has been substantial price drops from being on the market