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MEMPHIS, Tenn. —Gibson Guitar factory is moving out of its Downtown  location on Lt. George W. Lee but it’s not leaving Memphis.

The Nashville-based guitar maker says it’ll build and move to a facility nearby.

The CEO says in a statement that its Memphis division is putting up record numbers and the new facility would improve product quality.

“We continue to love the Memphis community and hope to be a key contributor to its future when we move nearby to a more appropriate location for our manufacturing-based business, allowing the world the benefit of our great American craftsmen,” Gibson CEO Henry Juszkiewicz said.

Gibson is looking for a buyer that will allow the factory to keep making guitars while the new facility is being built.