Chrysler announced in March that it would close its Pacifica Advance Product Design Center located just outside of San Diego, California, but the studio won’t be idled permanently as Mercedes-Benz is planning to buy the site. Both carmakers have signed a purchase agreement for the sale of the site, which was listed at $7.3 million.

The main building measures more than 35,000 square-feet and employed up to 20 staff when in was in Chrysler’s hands. It is credited with a number of important models including the 300 sedan and Dodge Challenger muscle car, and it was also one of the first automotive design centers opened in California by a major carmaker – first opening its doors in 1983.

Mercedes already has a design studio in California, which is located 51 miles north of the Pacifica site in Irvine. It only measures 13,000 square-feet and has been open since 1990, according to Automotive News.

This latest news comes just months after the announcement that Mercedes’ U.S. design chief Gorden Wagener is set to replace Peter Pfeiffer as the luxury brand’s global design boss.