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The 2-story office building at 500 Fairview Avenue North contained 24,400 gross square feet, 22,213 net. Land and building had an assessed value of $3,483,000 in 2012, according to King County. Between 1992-2008, the property changed hands five times; on 07/15/1992, 500 Fairview, Incorporated, sold it to Yuasa-Funashoku America, Incorporated, who then sold it to 500 Fairview LLC for $3,350,000.00 on 06/10/1999; UAN LLC and MSI Triangle LLC paid $4.8 million for it on 03/27/2003. The Nelchina Point Limited Partnership procured it from them on 1/14/2005 for $5,700,000.00; the new owner, BioMed Realty Trust, Incorporated, bought it 1/28/2008 for $3.9 million.

Alterations were made to the building in 1985.

To be demolished; BioMed Realty Trust, Incorporated, planned a new project, the Fairview Research Center II, an approximately 119,900-square-foot rental office/lab facility, beginning in 02/2011. The project was planned to cover 19,895 square feet of land bounded by Fairview Avenue, Republican Street and an alley, and contain 65,400 square feet for labs and 54,500 square feet of office space. Parking below grade would accommodate 136 vehicles.