Oprah Winfrey is moving her 3-year-old cable channel, Oprah Winfrey Network, from Miracle Mile offices to the new office space on The Lot in West Hollywood later this year.

According to the Hollywood Reporter, the newly constructed five-story building's three floors will be occupied by OWN employees. The employees will have access to screening rooms as well as sound stage and the building will serve as the network's LA-based headquarters.

OWN and Harpo Studios President, Sheri Salata, said that their current working space was limited and she, along with Oprah, love the idea of having a rich, stimulating creative environment to work in.

The Lot's Hollywood history is rich since the almost-a-century-old studio location has been home to iconic projects like 'Love Boat and Dynasty', 'Wuthering Heights', 'Some Like it Hot' and 'West Side Story'.