500 SHIRE WAY
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Location
500 SHIRE WAY
Mblu
26/ / 44E/ /
Acct#
Owner
SHIRE HUMAN GENETIC THERAPIES INC
Total Market Value
$33,450,000
PID
3109
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$25,514,000$7,936,000$33,450,000

Owner of Record
OwnerSHIRE HUMAN GENETIC THERAPIES INC
Co-OwnerSHIRE ACCOUNTS PAYABLE
Address730 STOCKTON DRIVE
EXTON , PA 19341
Sale Price$165,000,000
Certificate
Book & Page 54920/0208
Sale Date06/30/2010
Instrument1V

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
SHIRE HUMAN GENETIC THERAPIES INC$165,000,000 54920/02081V06/30/2010
PATRIOT PARTNERS LEXINGTON LLC$10 45231/03041B05/23/2005
PM ATLANTIC LEXINGTON LLC$51,500,000 37402/03181A12/18/2002
PM ATLANTIC LEXINGTON LLC$51,500,000 01262/00521G12/18/2002
RAYTHEON COMPANY$0 01089/0086 12/18/1991

Building Information
Building 1 : Section 1
Year Built: 1975
Living Area: 71,382
Replacement Cost: $36,220,318
Building Percent Good: 70
Replacement Cost
Less Depreciation:
$25,354,000
Building Attributes
FieldDescription
Style:LAB/OFFICE
ModelIndustrial
GradeC+
Stories:3
Occupancy2.00
Exterior Wall 1BRICK VENEER
Exterior Wall 2 
Roof StructureFLAT
Roof CoverT&G COMM
Interior Wall 1SKIM COAT PLST
Interior Wall 2 
Interior Floor 1CER/CLAY/TILE
Interior Floor 2 
Heating FuelGAS
Heating TypeHOT WATER
AC TypeCENTRAL
Bldg UseLAB OFFICE
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:4040
Heat/ACHEAT/AC SPLIT
Frame TypeREINF. CONCR
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height15.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 40,707 40,707
BASFirst Floor 30,675 30,675
CLPLoading Platform, Finished 400 0
FBMBasement, Finished 16,390 0
FEPPorch, Enclosed, Finished 96 0
FOPPorch, Open, Finished 268 0
USTUtility, Storage, Unfinished 4,374 0
   92,910 71,382

Extra Features
Extra Features
CodeDescriptionSizeBldg #
SPR3DRY220.00 S.F.1
SPR1SPRINKLERS-WET35875.00 S.F.1
ELVElevator4.00 Story1
LDL1LOAD LEVELERS2.00 UNITS1

Land
Land Use
Use Code4060
DescriptionLAB OFFICE  
ZoneCD-10
NeighborhoodA
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)1959328
Frontage
Depth0
Total Market Land$7,936,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeBldg #
STK2CHIMNEY STK MT  2.00 UNITS1
PAT2PATIO-GOOD  2027.00 S.F.1
STK1CHIMNEY STK BR  1.00 UNITS1
SGN2DOUBLE SIDED  45.00 S.F.&HGT1
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2026$25,514,000$7,936,000$33,450,000
2025$31,744,000$7,915,000$39,659,000
2024$31,168,000$7,536,000$38,704,000
2023$28,063,000$6,983,000$35,046,000

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