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CHICAGO-Celtic Insurance Co. has signed a renewal for its 38,250 sf of space in the Sears Tower, taking most of the 7th floor of the building at 233 S. Wacker Drive. The company, which has options for expansion, has located its corporate headquarters in the tower since 1991.

In another deal in the tower, Amacai Information Corp. signed a five-year lease to move into 8,300 sf on the 40th floor of 110-story building. The direct marketing information company, a wholly owned subsidiary of Targus Information Corp., becomes a new tenant in the building.

The 3.5 million-sf Sears Tower is due to pass to full ownership by Trizec Properties Inc., which currently controls it, at the end of this year. Despite speculations regarding a tenant exodus in the aftermath of last year’s terrorist attacks, it remains about 95% occupied. Rental rates vary widely throughout the building, but according to brokers familiar with it, net lease rates there average between $18 and $24 per sf.

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