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In October 2006, Children's Hospital acquired two downtown Seattle buildings for use as research centers, the former Qwest Building at 1915 Terry Avenue and the other, the former Corixa Building, at 9th Avenue and Stewart Street. These acquisitions cost the hospital $145 million, the Corixa property priced at $109 million, or $504 per sqaure foot. (This cost could be reduced [to perhaps as low as $368 per squre foot] once GlaxoSmithKline, the firm that bought Corixa, paid a flat fee [approximately $79 million] to get out of its lease on Corixa's Seattle headquarters.) The Corixa Building contained 215,000 square feet, space that Children's Hospital would use for labs and offices. Children's Hospital joined five other health-care institutions and biotech companies occupying space in the South Lake Union area. In 2006, this included the Fred Hutchinson Cancer Center, the University of Washington, Zymogenetics, Rosetta Inpharmatics, and the Seattle Biomedical Research Institute.

This building was occupied by Corixa, a biotech company that was closed down in 2005 after a corporate takeover by pharmaceutical giant, GlaxoSmithKline. The Corixa Building was 143 feet high.

PCAD id: 7253