Penn State will enter into a long-term lease with Greystar Development East for the land.
The building will sit on the corner of Park Avenue and Bigler Road, and the budget for the project was set at $96 million.
Washington and Ohio State have similar passing numbers.
Alpha Xi Delta and Phi Kappa Theta were crowned the winners.
The Huskies are a sneaky team despite a significant roster overhaul last offseason.
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