It's official. Warner Music Group is moving its West Coast headquarters from Burbank to downtown Los Angeles, Billboard has confirmed.
In a memo to staff on Oct. 7, WMG CEO Stephen Cooper announced the relocation to the downtown L.A. Arts District's Ford Factory at 7th Street and Santa Fe Avenue. The move will occur in early 2018.
"When looking for new offices, we took many factors into consideration, including square footage, location and commutes," wrote Cooper. "But above all, we wanted an exciting space that enables us to preserve our unique company cultures, while promoting greater collaboration across divisions. ... The Ford Factory is a landmark building listed on the National Register of Historic Places. It will be given a dramatic new life, preserving its architectural character while bringing it fully into the 21st century."
Built in 1914, the Ford Factory building is a registered historic landmark, having housed the Ford Motor plant during the Model T era. The building, which was purchased by the developer Shorenstein Properties in 2014 for $37 million, has five stories and 250,000 square feet of space.
Warners will occupy the entire building, which also will include recording studios, performance spaces, retail space and outdoor areas, although other than the Warners labels and publishing company Warner/Chappell, it's unclear which other WMG businesses will be based there.
Warner Bros. Records (which counts Green Day, Michael Buble, Jason Derulo and the Red Hot Chili Peppers among its artists) has been based out of an iconic ski-lodge-like structure on the Warner Bros. Studio lot for more than 40 years (the lease expires in late 2017), while Atlantic and Rhino reside directly across the 134 freeway, occupying 185,000 square feet on Olive Avenue.
The Arts District is an up-and-coming area that boasts "a burgeoning art, fashion and food scene that's a magnet for businesses, entrepreneurs and creatives," noted Cooper.
CBRE Group's John Zanetos, Todd Doney, Rob Waller, Christopher Penrose and Phillip Ruhl represented the landlord of the Arts District property, Shorenstein.
"The building started as a factory for Model T cars and will now be home to one of the premier music and entertainment labels. This will significantly change the landscape for The Arts District and Downtown Los Angeles," said Zanetos in a statement.
A version of this story originally appeared on Billboard.com.