ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.170
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 III, 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 III, |
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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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Address |
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City |
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State |
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Zip |
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County |
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Bldg |
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3 |
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DC00147 |
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Rhode Island Avenue |
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000 Xxxxx Xxxxxx Xxxxxx |
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Xxxxxxxxxx |
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XX |
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00000 |
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District of Columbia |
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2,595 |
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3 |
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GA00375 |
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Xxxxxx Bridge Branch |
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0000 Xxxxxx Xxxxxx 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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5,765 |
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3 |
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GA00756 |
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XX Xxxxxx |
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000 X.X. Xxxxxx Xxxxxxx |
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Xxxxxxxxxxx |
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XX |
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00000 |
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Hall |
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28,056 |
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3 |
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SC00185 |
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NCF: Hillcrest |
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0000 X. Xxxx Xxxxxx |
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Xxxxxxxxxxx |
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XX |
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00000 |
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Spartanburg |
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2,303 |
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3 |
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VA00191 |
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East Henrico |
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0000 Xxxxxxxxxxxx Xx |
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Xxxxxxxx |
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XX |
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00000 |
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Henrico |
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2,474 |
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3 |
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XX00000 |
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Xxxx Xxxx |
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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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City of Harrisonburg |
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3,300 |
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3 |
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VA00463 |
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Madison Heights Office |
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U.S. 00 Xxxxx & Xxxxxxx Xxxx |
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Xxxxxxx Xxxxxxx |
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XX |
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00000 |
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Amherst |
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2,776 |
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3 |
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VA00490 |
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Tanglewood |
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0000 Xxxxx Xxxx 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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2,432 |
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11 |
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GA00385 |
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Woodstock Branch |
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0000 Xxxxxxx Xxxxxxx 00 |
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Xxxxxxxxx |
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XX |
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00000 |
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Cherokee |
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6,142 |
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11 |
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GA00534 |
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Peachtree Branch |
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0000 Xxxxxxxxx Xxx |
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Xxxxxxxx |
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XX |
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00000 |
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Muscogee |
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3,672 |
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11 |
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GA00730 |
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Baxley Office |
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000 X Xxxxxx Xx |
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Xxxxxx |
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XX |
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00000-0000 |
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Xxxxxxx |
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18,126 |
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11 |
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MD00420 |
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Xxxxxxx Road |
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0000 Xxxxx Xxxxxxx Xxxx |
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Xxxxx Xxxxxxxx |
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XX |
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00000 |
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Prince Georges |
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2,280 |
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11 |
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NC00304 |
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NCF: Marshville |
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000 X Xxxx Xx |
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Xxxxxxxxxx |
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XX |
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00000 |
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Union |
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2,150 |
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11 |
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NC00310 |
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NCF: Hilltop |
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000 Xxxx Xxxxxxxxx Xxxx |
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Xxxxxx |
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XX |
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00000 |
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Union |
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2,800 |
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11 |
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NC00371 |
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NCF: Wake Forest |
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000 X Xxxxx Xxxxxx |
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Xxxx Xxxxxx |
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XX |
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00000 |
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Wake |
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5,390 |
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11 |
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SC00135 |
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NCF: Northtowne |
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0000 Xxxxxxx Xxx |
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Xxxxxxxx |
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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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11 |
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XX00000 |
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Xxxxxxxx Facility |
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000 Xxxxxxxx |
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Xxxxxxx Xxxx |
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XX |
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00000 |
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Washington |
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1,680 |
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11 |
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XX00000 |
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Xxxxx Xxxxxx |
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0000 X. Xxxxx Xx. |
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Xxxxxxxx |
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XX |
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00000 |
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City of Richmond |
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10,626 |
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11 |
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VA00426 |
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Gloucester Point |
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0000 Xxxxxx Xxxxxxxxxx Xxxxxxxx Xxx |
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Xxxxxxxxxx |
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XX |
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00000 |
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Gloucester |
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3,828 |
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