Willis Tower was $50 million. Since 2007, the building owners considered building a hotel on the north side of Jackson, between Wacker and Franklin, at the plaza that is the entrance to the tower's observation deck. The tower's parking garage is beneath the plaza. Building owners say the second building was considered in the original design. The plan was eventually cancelled as city zoning does not permit construction of such a tall tower there. Although Sears' naming rights expired in 2003, the building continued to be called the Sears Tower for several years. In March 2009, London-based insurance broker Willis Group Holdings
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,