Tyler Perry buys about two-thirds of Fort McPherson near Atlanta and turn it into a film studio.

Perry will buy 330 acres of the 488-acre site, and civilian authorities would retain about 144 acres — or a tract about the size of the Atlantic Station development.

Mayor Kasim Reed thanked Perry’s company and said he is “confident that this kind of development will bring hundreds of permanent jobs into the area, and attract robust additional investment into the Southside of our city. It will also expand Atlanta’s footprint in television and film as well as strengthen our position as the cultural and economic center of the Southeast,” Reed said in the release.