What does "University Place? That’s not far from here." mean in English for Spanish?

In English for Spanish, "University Place? That’s not far from here." means:

¿University Place? No está lejos de aquí.

Listen to "University Place? That’s not far from here.": (If you have an HTML5 enabled browser, you can listen to the native audio below)

This is a phrase that is used in the GamesForLanguage English for Spanish Language Game in the following scenes:

• English for Spanish 4, Level 1, Scene 3