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Warner Bros. has bought adventure-comedy spec "The Treehouse Gang" from Timothy Dowling and set it up with David Heyman's Heyday Films.

Studio completed the deal this week, winning out over multiple offers with a bid of $750,000 against $1.5 million. Heyday produced all five Harry Potter films and is set to contine on the final three pics in the franchise.

"Treehouse" centers on four friends, known for their treasure-hunting abilities as kids, who meet up at their high school reunion and join forces for one last adventure while tackling 10-year-old grudges.

Dowling penned rewrites on Fox's "What Happens in Vegas" and DreamWorks' "She's Outta My League" and wrote Fox/Overbrook's "This Means War." He also scripted "Outsourced" for Sony and the short film "George Lucas in Love."