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Member, Beacon International Group, Ltd.
CHICAGOWillis Group Holdings Ltd. announced it will be moving its Chicago offices to the Sears Tower and, under an agreement with the building's owners, will have the building renamed to Willis Tower.
Willis plans to consolidate five area offices and move about 500 associates into the tower, which will occupy more than 140,000 square feet on multiple floors. Willis said the move and new space will result in significant real estate cost savings.
There was no additional cost added to the deal to have the building renamed, London-based Willis said in a statement. The Sears Tower is the tallest building in the Western Hemisphere and has been a Chicago skyline icon since it opened in 1973.
The move to the Willis Tower is expected to be completed by the end of the summer. Willis will be consolidating its three current Chicago Willis HRH offices along with its two suburban offices in Lombard, Ill., and Oak Brook, Ill., into the tower.
Chicago is the headquarters of Willis HRH's Midwest region.