Penn State Seeks 331 Innovation Boulevard Purchase

Penn State proposed exercising its purchase option with GLP 331 IP, LLP to acquire the 331 Innovation Boulevard building and improvements. The purchase price will be set at fair market value under the amended lease, with closing anticipated May 1, 2027.

Document date · September 18, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Fair market value purchase price determined under the Lease

Contract type

OTHER

Contract term

Purchase option to be exercised no later than November 2, 2026; anticipated closing May 1, 2027

Renewal date

2026-11-02

Renewal

Purchase option preserved through lease negotiations; option must be exercised by November 2, 2026.

Document type

AgendaPacket

Source document

The Pennsylvania State University AgendaPacket Consolidated Action Items 2026-09-18

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by PA-State-Pennsylvania State University?

Glp 331 Ip Llp was awarded this government contract by PA-State-Pennsylvania State University, as recorded on September 18, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in The Pennsylvania State University AgendaPacket Consolidated Action Items 2026-09-18 (AgendaPacket), dated September 18, 2026 from PA-State-Pennsylvania State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Glp 331 Ip Llp hold?

Glp 331 Ip Llp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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