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An Atlanta development company has a contract to buy the former University of Colorado Hospital campus for $34.8 million.

The University of Colorado Board of Regents last week approved sale of the 28-acre property at East Ninth Avenue and Colorado Boulevard to Sembler Atlanta Inc. The deal is expected to close early next year.

Atlanta-based Sembler is a 45-year-old developer of shopping centers throughout the southeast and Puerto Rico.

Margaret Jackson: 303-954-1473 or mjackson@denverpost.com

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