Marvel Studios is moving from Manhattan Beach, California, its home for the past four years, to new offices in Glendale, just minutes from Walt Disney Studios' Burbank lot. Marvel Animation opened its studio in Glendale earlier this year.
Variety reports the relocation, expected to be completed by the spring, will affect as many as 150 employees. The exact location of the new building hasn't been made public.
Marvel Studios moved its executive and production offices from Beverly Hills to Raleigh Studios Manhattan Beach in 2008 (before Marvel's purchase by Disney), becoming the largest tenant at the 23-acre facility. There it filmed parts of Iron Man 2, Thor, Captain America: The First Avenger and The Avengers.
The trade paper notes that the loss of Marvel won't hurt Raleigh too much, however, as James Cameron's production company has signed a five-year deal to film the next two Avatar sequels there.