Michon Named VP, GM at Willis Tower

CHICAGO-US Equities Asset Management LLC has appointed Gary Michon to work as VP and general manager of Willis Tower. The industry veteran brings more than two decades of experience to his new role overseeing daily operations of the 4.5-million-square-foot former Sears Tower. This summer, the 110-story mixed-use building at 233 S. Wacker Dr. has seen large changes – having been renamed for its new insurance company tenant, updated its SkyDeck observation area with new features, and launched a significant sustainability and modernization project.

“I am honored to join U.S. Equities and the Willis Tower team during this momentous time in its history,” Michon says. “U.S. Equities has an exceptional track record and passion for repositioning great Chicago buildings. The firm’s initiatives at Willis Tower are already making a big impact. From the response to the modernization plans to the tremendous leasing successes to the throngs of daily visitors to the Skydeck, the building is thriving with renewed energy.”

The property offers a variety of space and uses, including office, retail, broadcast, parking and Skydeck Chicago business units. Asking lease rates at the building’s office component range from $16 to $21 per square foot net. Built in 1973, the property is owned by 233 S. Wacker LLC, which includes American Landmark Properties, the Chetrit Group and the Moinian Group.