![]() 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. was the largest retailer in the world, with approximately 350,000 employees. On July 16, 2009, at 10:00 am Central Time, the building was officially renamed Willis Tower. In March 2009 London-based insurance broker Willis Group Holdings, Ltd., agreed to lease a portion of the building and obtained the building's naming rights as part of the agreement. Although Sears' naming rights expired in 2003, the building continued to be called Sears Tower for several years. The buildings name was left unchanged until July 16, 2009, when it was renamed Willis Tower for one of the skyscrapers tenants, a British insurance firm. Currently, Willis Tower is the tallest building in the United States and the fifth-tallest freestanding structure in the world as well as the fifth tallest building in the world to the roof. SKYDECK & THE LEDGE Skydeck opened in 1974 and attracts more than 1.7 million visitors annually. Willis Tower was purchased by Blackstone in 2015 for 1.3 billion. At the time of its completion in 1974, it was the tallest building in the world, surpassing the World Trade Center towers in New York. Sears Tower, the tallest building in America, seen Thursday, March 12, 2008, in Chicago is going to be renamed Willis Tower after London-based Willis Group. In 2009 the building was renamed Willis Tower after the Willis Group Holdings, the global insurance broker who calls the Tower its Midwest home. Willis Tower, formerly named Sears Tower, is a 108-story, 1451-foot (442 m) skyscraper in Chicago, Illinois.
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