The King of Prussia building home to the Netflix House has sold for $60 million
A property investor bought the King of Prussia building occupied by Netflix House for $60 million.
The King of Prussia building that hosts Netflix House has sold for $60 million to a developer aiming to invest in experiential business properties.
The more-than-100,000-square-foot building at 180 N. Gulph Rd. has been up for sale since 2024 — a year before the streaming company’s first immersive entertainment venue opened inside it last fall.
The 2024 listing noted that Netflix had already signed a 10-year lease to begin Dec. 31 of that year, according to the Philadelphia Business Journal.
EPR executives indicated after the sale in June that the tenancy of Netflix House, which offers activities like mini golf and virtual reality games inspired by its shows, including Stranger Things and Squid Game, was part of the appeal.
“We are pleased to welcome Netflix as a new partner through our acquisition of Netflix House in King of Prussia, Pennsylvania,” EPR’s CEO Gregory Silvers said on a July earnings call.
The buyer, Missouri-based EPR Properties, has aimed to expand its portfolio of experiential business properties, according to its website, amid a broader national shift toward experience-based commerce.
EPR bought the property from an LLC associated with the former owner of Lord & Taylor, a department store that long occupied the two-story building, but closed during the COVID-19 pandemic.
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