John Mayer and movie director McG have agreed to buy the Jim Henson Company Lot, a legendary studio in Hollywood founded by Charlie Chaplin.

John Mayer is set to purchase the storied Hollywood lot established by Charlie Chaplin and later owned by A&M Records and the Jim Henson Company, according to The Hollywood Reporter. A rep for Mayer — who has an office on the lot — confirmed that the musician,

There had been speculation the Church of Scientology was closing in a deal. John Mayer and McG to Buy Jim Henson Studios Lot for $60 Million After Rumored Bid from Church of Scientology Eddie Fu