ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.175
ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
For good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the undersigned, INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation, (“Assignor”) hereby assigns to INLAND AMERICAN REAL ESTATE TRUST, INC., a Maryland corporation, (“Assignee”) all of Assignor’s right, title and interest as a party to that certain Purchase and Sale Agreement [Portfolio #2] (the “Purchase Agreement”) by and between INLAND REAL ESTATE ACQUISITIONS, INC., (“Buyer”), and SUNTRUST BANK, a Georgia banking corporation, (“Seller”), dated October 17, 2007, as amended, with respect to the purchase and sale of those certain parcel(s) of land more fully defined on Exhibit A, attached hereto (the “Property”).
By execution hereof by Assignee, Assignee for itself and its successors and assigns hereby accepts the assignment and assumes all of the obligations of Assignor under the Purchase Agreement with respect to the Properties. The Assignor acknowledges and agrees that notwithstanding the foregoing the Assignor is not released from any of its obligations under the Purchase Agreement.
This Assignment is effective as of the 17th day of March, 2008.
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ASSIGNOR: |
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INLAND REAL ESTATE ACQUISITIONS, INC., |
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an Illinois corporation |
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By: |
/s/ G. Xxxxxx Xxxxxxx |
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G. Xxxxxx Xxxxxxx |
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President |
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ASSIGNEE: |
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INLAND AMERICAN REAL ESTATE TRUST, |
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INC., a Maryland corporation |
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By: |
/s/ Xxxxxx X. Xxxxx |
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Xxxxxx X. Xxxxx |
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Its: Assistant Secretary |
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Exhibit A
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Pool |
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Prop. ID |
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Property Name |
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Xxxxxxx |
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Xxxx |
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Xxxxx |
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Xxx |
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Xxxxxx |
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Xxxx |
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0 |
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XX00000 |
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Osceola Xxxxxx |
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000 Xxxx Xxxxxxx Xxxxxx |
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Xxxxxx |
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XX |
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00000 |
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Xxxxxx |
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6,300 |
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7 |
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FL01014 |
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Xxxx Xxxx X.X. Xxxxxxx 00 Xxxxx Xxxxxx |
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000 X.X. Xxxxxxx 00 Xxxxx |
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Xxxx Xxxx |
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XX |
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00000 |
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Highlands |
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5,169 |
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7 |
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FL01069 |
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Weeki Wachee Xxxxxx |
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0000 Xxxxxxxxxx Xxx |
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Xxxxxx Xxxx |
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XX |
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00000 |
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Hernando |
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9,040 |
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7 |
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FL01074 |
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Seven Hills Office |
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0000 Xxxxxxx Xxxxxxxxx |
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Xxxxxx Xxxx |
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XX |
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00000 |
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Hernando |
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6,400 |
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7 |
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FL01140 |
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Metrowest Branch |
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0000 Xxxxx Xxxxxxxxx Xxxx |
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Xxxxxxx |
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XX |
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00000 |
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Orange |
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5,000 |
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7 |
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FL01154 |
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Xxxxx Hill |
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0000 Xxxxxxxxx Xxxxxx |
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Xxxxx Xxxx |
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XX |
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00000 |
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Volusia |
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12,538 |
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7 |
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FL01218 |
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The Villages Branch |
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000 XxXxxxxx Xxxxxxxxx |
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Xxxx Xxxx |
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XX |
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00000 |
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Lake |
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4,380 |
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12 |
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FL00194 |
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Homosassa Springs Office |
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0000 Xxxxx Xxxxxxxx Xxxxxxxxx |
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Xxxxxxxxx |
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XX |
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00000 |
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Citrus |
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3,200 |
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12 |
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FL00195 |
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West Inverness Xxxxxx |
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0000 Xxxx Xxxxxxx 00 |
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Xxxxxxxxx |
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XX |
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00000 |
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Citrus |
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3,360 |
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12 |
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FL00947 |
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Jupiter Xxxxxx |
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00000 Xxxxxxxxx X-0-X |
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Xxxxxxx |
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XX |
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00000-0000 |
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Palm Beach |
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4,078 |
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12 |
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FL01056 |
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South Peninsula Branch |
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0000 Xxxxx Xxxxxxxx Xxxxxx |
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Xxxxxxx Xxxxx Xxxxxx |
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XX |
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00000 |
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Volusia |
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2,352 |
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12 |
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FL01059 |
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Zephyrhills Main Xxxxxx |
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0000 Xxxx Xxxxxxxxx |
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Xxxxxxxxxxx |
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XX |
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00000 |
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Pasco |
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20,300 |
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12 |
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FL01348 |
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Belleview Xxxxxx |
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0000 Xxxxxxxxx Xxxxx Xxxx 000 |
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Xxxxxxxxx |
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XX |
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00000 |
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Xxxxxx |
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3,590 |
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