ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.172
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 ST PORTFOLIO V, L.L.C., a Delaware limited liability company, (“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: |
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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Its: |
President |
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ASSIGNEE: |
INLAND AMERICAN
ST PORTFOLIO V, L.L.C., |
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By: Inland American Real Estate Trust, Inc., a Maryland corporation, its sole member |
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By: |
/s/ Xxxxxx X. Xxxxx |
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Xxxxxx X. Xxxxx |
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Its: |
Assistant Secretary |
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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Xxxxxxx Bridge Branch |
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0000 Xxxxxxx Xxxxxx Xxxx |
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Xxxxxx |
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XX |
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00000 |
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Xxxxxx |
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5,942 |
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7 |
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GA00502 |
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Peach Orchard Xxxxxx |
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0000 Xxxxx Xxxxxxx Xxxx |
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Xxxxxxx |
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XX |
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00000 |
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Richmond |
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5,937 |
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7 |
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GA00739 |
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Xxxxxx Xxxxxx Xxxxxx |
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0000 Xxxxxx 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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5,960 |
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7 |
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NC00166 |
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NCF: North Xxxxxxxx |
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000 X Xxxxxxxx Xxxxxx |
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Xxxx |
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XX |
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00000 |
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Wake |
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3,500 |
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7 |
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NC00297 |
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NCF: Xxxxxx Blvd |
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000 X Xxxxxx Xxxx |
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Xxxxxxxxxx |
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XX |
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00000 |
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Cabarrus |
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6,094 |
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7 |
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NC00356 |
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NCF: South Madison |
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000 X Xxxxxxx Xxxx |
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Xxxxxxx |
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XX |
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00000 |
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Person |
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4,500 |
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7 |
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XX00000 |
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Xxxx Xxx Xxxxxx |
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0000 Xxxx Xxx Xxxxxx |
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Xxxxxxxxx |
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XX |
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00000 |
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Davidson |
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3,000 |
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7 |
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XX00000 |
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Xx. Xxxx Xxxxxx |
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0000 Xx. Xxxx Xxxxxx |
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Xxxxxxxxxxx |
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XX |
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00000 |
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Xxxxxxxx |
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6,552 |
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7 |
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VA00478 |
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Northwest |
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0000 Xxxxxxx Xxxxxx X.X. |
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Xxxxxxx |
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XX |
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00000 |
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City of Roanoke |
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2,138 |
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7 |
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VA00553 |
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Westgate |
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0000 Xxxxxx Xx |
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Xxxxxxxx |
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XX |
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00000 |
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City of Manassas |
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5,500 |
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7 |
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VA00557 |
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Nassawadox |
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00000 Xxxxxx Xxxx |
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Xxxxxxxxxx |
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XX |
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00000 |
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Northampton |
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1,822 |
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12 |
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GA00499 |
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Xxxxxx Way Office |
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0000 Xxxxxx Xxx |
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Xxxxxxx |
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XX |
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00000 |
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Richmond |
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2,892 |
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12 |
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GA00711 |
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Brunswick Main Office |
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000 Xxxxxxxxxxx Xxxxxx |
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Xxxxxxxxx |
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XX |
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00000 |
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Xxxxx |
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29,352 |
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12 |
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MD00315 |
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Bladensburg |
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0000 Xxxxxxxxx Xxxx |
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Xxxxxxxxxxx |
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XX |
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00000 |
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Prince Georges |
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4,800 |
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12 |
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NC00169 |
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NCF: Chapel Hill Blvd |
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0000 Xxxxxxx Xxxxx |
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Xxxxxx Xxxx |
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XX |
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00000 |
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Orange |
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2,464 |
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12 |
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NC00211 |
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NCF: Denton |
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00 X Xxxx Xxxxxx |
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Xxxxxx |
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XX |
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00000 |
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Davidson |
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4,620 |
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12 |
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NC00298 |
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NCF: Kernersville |
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0000 X Xxxx Xxxxxx |
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Xxxxxxxxxxxx |
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XX |
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00000 |
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Forsyth |
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3,400 |
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12 |
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NC00308 |
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NCF: Mocksville-Water St |
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000 Xxxxx Xx |
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Xxxxxxxxxx |
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XX |
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00000 |
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Davie |
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3,840 |
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12 |
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NC00347 |
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NCF: Harps Mill |
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0000 Xxxxx Xxxx Xxxx |
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Xxxxxxx |
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XX |
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00000 |
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Wake |
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5,685 |
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12 |
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NC00395 |
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NCF: Youngsville |
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000 X Xxxxxxx Xx |
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Xxxxxxxxxxx |
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XX |
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00000 |
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Franklin |
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1,400 |
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12 |
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XX00000 |
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Xxxx Xxxxx Xxxxxx Branch |
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0000 Xxxx Xxxxx Xxxxxx |
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Xxxxxxxxxxx |
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XX |
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00000 |
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Xxxxxxxx |
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3,125 |
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12 |
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VA00176 |
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Mechanicsville |
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0000 Xxxxxxxxxxxxxx Xxxx |
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Xxxxxxxxxxxxxx |
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XX |
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00000 |
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Hanover |
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4,042 |
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12 |
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VA00179 |
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Beaverdam |
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00000 Xxxxxxxxx Xxxxxx Xxxx |
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Xxxxxxxxx |
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XX |
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00000 |
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Spotsylvania |
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2,447 |
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