ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.173
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 IA BRANCH PORTFOLIO, 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: |
IA BRANCH
PORTFOLIO, L.L.C., a Delaware |
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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 |
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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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Jonesboro Branch |
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000 Xxxxx Xxxx Xxxxxx |
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Xxxxxxxxx |
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XX |
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00000 |
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Xxxxxxx |
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9,385 |
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8 |
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GA00477 |
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Xxxxxxx Mill Branch |
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0000 Xxxxxx Xxxxx Xxxx |
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Xxxxxxxx |
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XX |
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00000 |
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Xxxx |
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4,869 |
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8 |
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GA00500 |
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Forest Hills Xxxxxx |
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0000 Xxxxxxxxxxx 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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3,271 |
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8 |
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GA00687 |
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Gillionville Branch |
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0000 Xxxxxxxxxxxx Xxxx |
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Xxxxxx |
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XX |
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00000 |
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Xxxxxxxxx |
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5,655 |
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8 |
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MD00295 |
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Chestertown |
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000 Xxxxxxxxxx Xxx |
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Xxxxxxxxxxx |
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XX |
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00000 |
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Kent |
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1,784 |
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8 |
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NC00268 |
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NCF: Battleground |
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0000 Xxxxxxxxxxxx Xxxxxx |
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Xxxxxxxxxx |
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XX |
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00000 |
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Guilford |
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2,464 |
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8 |
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NC00309 |
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NCF: Charlotte Ave |
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0000 Xxx Xxxxxxxxx Xxx |
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Xxxxxx |
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XX |
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00000 |
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Union |
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3,300 |
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8 |
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TN00182 |
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Hermitage Branch |
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0000 Xxx Xxxxxxx Xxxxxxxxx |
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Xxxxxxxxx |
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XX |
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00000 |
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Davidson |
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3,420 |
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8 |
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XX00000 |
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Xxxxxx Xxxx Xxxxxx |
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0000 Xxxxxxxxxxxx Xxxx |
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Xxxxxxxxx |
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XX |
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00000 |
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Davidson |
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4,500 |
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8 |
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XX00000 |
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Xxxxxxxxx Xxxxxx |
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000 Xxxxxxxx Xxxx Xxxxx |
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Xxxxxxxxxxxx |
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XX |
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00000 |
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Xxxxxxxxxx |
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4,000 |
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8 |
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TN00285 |
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Red Bank Branch |
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0000 Xxxxxx Xxxxxxxxx |
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Xxxxxxxxxxx |
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XX |
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00000 |
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Xxxxxxxx |
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4,936 |
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8 |
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VA00190 |
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Regency |
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0000 Xxxxxx Xxxx |
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Xxxxxxxx |
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XX |
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00000 |
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Henrico |
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4,920 |
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8 |
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VA00350 |
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Xxx-Old Dominion |
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0000 Xxx Xxxxxxx |
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Xxxxxxxxx |
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XX |
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00000 |
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Arlington |
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2,100 |
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9 |
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GA00334 |
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Chattahoochee Branch |
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0000 Xxxxxxxxxxxxx Xxxxxx, XX |
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Xxxxxxx |
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XX |
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00000 |
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Xxxxxx |
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3,994 |
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9 |
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GA00455 |
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Honey Creek Branch |
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0000 Xxxxxxx 00 Xxxxx |
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Xxxxxxx |
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XX |
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00000 |
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Rockdale |
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3,191 |
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9 |
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GA00658 |
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Vineville Xxxxxx |
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0000 Xxxxxxxxx Xxxxxx |
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Xxxxx |
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XX |
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00000 |
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Xxxx |
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3,106 |
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9 |
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GA00798 |
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Windward XxXxxxxx |
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0000 XxXxxxxx Xxxxx Xxxx |
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Xxxxxxxxxx |
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XX |
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00000 |
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Xxxxxx |
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4,758 |
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9 |
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NC00256 |
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NCF: Erwin |
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000 X 00xx Xxxxxx |
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Xxxxx |
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XX |
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00000 |
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Harnett |
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2,800 |
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9 |
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XX00000 |
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Xxxxxxxxxx Xxxx Xxxxxx |
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0000 Xxxxx Xxxxxx |
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Xxxxxxxxxxxx |
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XX |
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00000 |
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Xxxxxxxx |
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3,091 |
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9 |
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XX00000 |
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Xxxxxxxxxxxx Facility |
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000 Xxxxxxx Xxxxxxxxx |
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Xxxxxxxxxxxx |
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XX |
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00000 |
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Washington |
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1,850 |
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9 |
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TN00385 |
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Lake City Facility |
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000 Xxxxx Xxxx Xxxxxx |
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Xxxx Xxxx |
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XX |
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00000 |
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Xxxxxxxx |
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4,500 |
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9 |
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VA00197 |
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Tuckernuck |
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0000 X. Xxxxx Xxxxxx |
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Xxxxxxxx |
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XX |
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00000 |
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Henrico |
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3,588 |
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9 |
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VA00513 |
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Franklin |
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000 X. Xxxxxx Xxxxxx |
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Xxxxxxxx |
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XX |
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00000 |
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City of Franklin |
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4,690 |
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