Greg Silvers Of EPR Properties Acquires Retail Building In King Of Prussia For $60M

The transaction involves a retail property situated at 180 North Gulph Road, King of Prussia, PA. EPR Properties acquired the asset for $60 million, representing $500 per square foot, encompassing a total of 120,000 square feet. The property is distinguished by its two-story structure and its proximity to King of Prussia Mall. It currently hosts Netflix House, which has approximately eight years remaining on its 10-year lease, featuring annual rent escalations of 2.5% and a corporate guarantee.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $60,000,000
• Buyer: Greg Silvers - EPR Properties
• Seller: HBC
• Square Footage: 120,000
• Price per Square Foot: $500
• Lease: Netflix has about eight years remaining on a 10-year lease with 2.5% annual rent increases and a corporate guarantee.

The deal was facilitated by Greg Silvers, representing EPR Properties as the buyer in this transaction. HBC was the seller of the property, completing the sale on September 14, 2026.