North America’s tallest building, the Willis Tower (formerly known as the Sears Tower) is expected to be either recapitalized or sold, said Wall Street Journal.
“Our goal is to make a strong building even stronger,” said a spokesman to the Wall Street Journal.
With the potential sale of the building looming over the owners’ heads, a price has not been named, but the previous transaction in 2004 totaled approximately $840 million.
However, with 18.3 percent of the enormous tower vacant, and new high-rise competition nearby, the current market value of the 110-story building is not expected to be as record-breaking as its height.