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,

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

The storied property - formerly A&M Studios and earlier Charlie Chaplin Studios - had been the subject of bid speculation from the Church of Scientology.