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University of Utah grows 'downtown presence' with $38M acquisition

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The University of Utah on Tuesday signed off on the purchase of City Centre — a 238,000-square-foot building at the northeast corner of State Street and 400 South.

<p>SALT LAKE CITY — Utah's flagship university is set to firmly position itself downtown after a $38-million purchase.

</p><p>&quot&#x3B;This allows us to position the university to build a downtown presence,&quot&#x3B; John Creer, chief real estate officer at the U., said in a statement.

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