ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.171
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 IV, 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: |
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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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Its: |
President |
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ASSIGNEE: |
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INLAND AMERICAN ST PORTFOLIO IV, |
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L.L.C., a Delaware limited liability company |
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By: |
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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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Mountain Industrial Branch |
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0000 Xxxxxxxx Xxxxxxxxxx Xxxxxxxxx |
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Xxxxxx |
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XX |
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00000 |
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DeKalb |
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6,059 |
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5 |
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GA00422 |
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Berkeley Lake Branch |
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0000 Xxxxxxxxx Xxxxxxxxxx Xxxxxxxxx |
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Xxxxxxxx |
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XX |
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00000 |
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Gwinnett |
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3,000 |
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5 |
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GA00697 |
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Southside Xxxxxx |
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000 Xxxxx Xxxxxxxx Xxxxxx |
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Xxxxxxx |
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XX |
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00000 |
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Coffee |
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4,800 |
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5 |
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NC00149 |
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NCF: Black Mountain |
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000 XX Xxx 0 |
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Xxxxx Xxxxxxxx |
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XX |
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00000 |
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Buncombe |
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5,395 |
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5 |
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NC00315 |
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NCF: Norwood |
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000 X Xxxx Xx |
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Xxxxxxx |
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XX |
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00000 |
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Stanly |
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3,400 |
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5 |
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NC00364 |
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NCF: Spencer |
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000 Xxxxx Xxxxxxxxx Xxx |
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Xxxxxxx |
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XX |
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00000 |
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Rowan |
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3,650 |
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5 |
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VA00413 |
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Spotsylvania Courthouse |
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0000 Xxxxxxxxxx Xxxx |
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Xxxxxxxxxxxx |
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XX |
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00000 |
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Spotsylvania |
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2,325 |
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5 |
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VA00418 |
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South Boston Main Xxxxxx |
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000 Xxxx Xxxxxx |
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Xxxxx Xxxxxx |
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XX |
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00000 |
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Halifax |
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7,895 |
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5 |
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VA00510 |
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Riverside Park/Relo |
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0000 Xxxxxxxx Xxxxxxx |
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Xxxxxxxxxx |
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XX |
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00000 |
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Fairfax |
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3,108 |
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6 |
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GA00357 |
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Brookhaven Branch |
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0000 Xxxxxxxxx Xxxx, Xxxxxxxxx |
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Xxxxxxx |
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XX |
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00000 |
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DeKalb |
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7,039 |
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6 |
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GA00420 |
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Gwinnett Medical Center Branch |
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000 Xxxxxx Xxxxxxx |
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Xxxxxxxxxxxxx |
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XX |
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00000 |
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Gwinnett |
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12,429 |
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6 |
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GA00663 |
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Watson Boulevard Office |
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0000 Xxxxxx Xxxxxxxxx |
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Xxxxxx Xxxxxx |
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XX |
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00000 |
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Houston |
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7,984 |
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6 |
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NC00156 |
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NCF: Butner |
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000 Xxxxxxx Xxxxxx |
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Xxxxxx |
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XX |
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00000 |
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Granville |
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2,503 |
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6 |
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NC00295 |
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NCF: Hudson |
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000 Xxxxxxx Xxxxxx |
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Xxxxxx |
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XX |
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00000 |
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Xxxxxxxx |
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2,500 |
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6 |
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NC00296 |
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NCF: Lake Xxxxxx |
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0000 Xxxxx Xxxxx Xxxxx |
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Xxxxxxxxxxxx |
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XX |
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00000 |
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Mecklenburg |
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3,200 |
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6 |
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XX00000 |
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Xxxxxxx 00 Xxxxxx |
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0000 Xxxxxxx 00 |
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Xxxxxxxxxxx |
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XX |
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00000 |
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Xxxxxxxx |
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3,500 |
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6 |
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XX00000 |
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Xxxxxx-Xxxxx Xxxxxx Branch |
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0000 00xx Xxxxxx, Xxxxxxxxx |
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Xxxxxxxxx |
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XX |
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00000 |
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Xxxxxxx |
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2,069 |
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6 |
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VA00346 |
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Lightfoot |
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0000 Xxxxxxxx Xxxx |
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Xxxxxxxxx |
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XX |
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00000 |
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Xxxxx City |
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3,200 |
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6 |
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VA00492 |
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Fairlawn |
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0000 Xxxxxxx Xxxxx Xxxxxxxxx |
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Xxxxxxx |
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XX |
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00000 |
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City of Xxxxxxx |
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2,464 |
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6 |
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VA00565 |
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Lynnhaven |
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000 Xxxxxxxxx Xxxxxxx |
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Xxxxxxxx Xxxxx |
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XX |
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00000 |
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City of Virginia Beach |
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3,200 |
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