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HYDE PARK — The University of Chicago announced plans Friday to sell the Harper Court development two months after purchasing it for $98 million.

“It was never our intention to be the long-term owner of the property,” said Calmetta Coleman, a spokeswoman for the university.

The university purchased the development, which includes a 150,000-square-foot office tower leased by the university for 20 years, from Vermilion Development and JFJ Development in November.

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