Sears Tower to Get New Owner

Summary


NEW YORK -- Insurance giant MetLife Inc. said Thursday it has agreed to sell the Sears Tower in Chicago to an unspecified buyer, ending the company's long-standing investment in the nation's tallest skyscraper.

MetLife, which is based in New York, expects to close the deal in the second quarter and take a $90 million gain. The company said the sale won't have a material impact on operating earnings.

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Extract


Sears Tower to Get New Owner

MetLife spokesman John Calagna said the company entered into a confidentiality...

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