Beyonce and Jay Z may be adding to their empire. Various sources are reporting that the power couple have purchased the legendary New Regal Theater.

NBC Chicago shares that Jayonce snagged the 2,500-seat theater which opened in 1927 in Chicago. It was closed in 2003, due to lack of income. At its height, the New Regal served as host for stars like Nat King Cole, Billie Holiday, Etta James and Miles Davis.

Jet Magazine adds that the theater was purchased for $250,000.

When they're not buying legendary real estate, the two have been spending down-to-earth time together. During their time off in NYC recently, they chose to ride bike rides throughout Hov's native Brooklyn. “I biked to Barclays for my last show in Brooklyn!” Beyonce wrote as a caption on her Instagram shots.