John Mayer has teamed up Charlie’s Angels film director Joseph McGinty Nichol (pka McG) to purchase Jim Henson’s Muppets lot in Los Angeles.
According to TMZ, the real estate deal cost an estimated $45,000,000, $15,000,000 less than it was originally listed at.
In their partnership, Mayer will oversee the facility’s recording studio, while McG will manage other properties on the lot located on the corner of La Brea Avenue and Sunset Boulevard in Hollywood.
While the facility will undergo a name change at some point, no decision on what that might be has been announced.
John already had an office on the lot, and both he and McG are said to be prioritizing preserving the history of the famed studio and maintaining it as one of the West Coast’s premiere sound recording facilities.
In 1917 the lot was originally constructed in by silent film star Charlie Chaplin, who shot many of his classic films on the property. And over the intervening years, it has also been home to Adventures of Superman, The Flintstones and Perry Mason as well as A&M Records.
In 1993, Jim Henson’s children bought the lot for $12,500,000 as the new home of The Jim Henson Company.
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Author: Saul Goode
Photo: Gotfryd, Bernard, photographer – Public Domain