Newport Tower (Jersey City) World Financial Center in Manhattan. The Newport Tower is a modern-style building. It is similar in appearance to the world-famous Willis Tower, (formerly known as "Sears Tower") in Chicago, Illinois. The tower received a facelift in the summer of 2005; wooden panels have been installed on the lobby walls, and LCD advertisement screens added to the elevators. The colonnade in front of the building has been removed in July 2008. A new elevator management system, Schindler ID, was installed in the building in September 2009. On October 19, 2011, Multi-Employer Property Trust purchased the Newport Tower from Brookfield Properties for
Willis Tower the law firms of Schiff Hardin and Seyfarth Shaw. Morgan Stanley plans to move to the building in 2019, and to become the building's fourth-largest tenant by 2020. In 1969, Sears, Roebuck & Co. was the largest retailer in the world, with about 350,000 employees. Sears executives decided to consolidate the thousands of employees in offices distributed throughout the Chicago area into one building on the western edge of Chicago's Loop. Sears asked its outside counsel, Arnstein, Gluck, Weitzenfeld & Minow (now known as Arnstein & Lehr, LLP) to suggest a location. The firm consulted with local and federal authorities