ASSIGNMENT
Exhibit 10.79
This Assignment is made as of the 25th day of July, 2006 by INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation (“Assignor”) to and for the benefit of MB Xxxxxxx, L.L.C., a Delaware limited liability company (“Assignee”).
Assignor does hereby sell, assign, transfer, set over and convey unto Assignee all of its right, title and interest as Buyer under into that Agreement for Purchase and Sale (Dulles Executive Plaza) dated as of July 06, 2006, as amended and entered into by Valley View Associates Limited Partnership, a North Carolina limited partnership, as Seller, and Assignor, as Buyer (collectively, the “Agreement”), for the sale and purchase of the property described by the Agreement, located in Fairfax County, Virginia.
Assignor represents and warrants that it is the Buyer under the Agreement, and that it has not sold, assigned, transferred, or encumbered such interest in any way to any other person or entity. By acceptance hereof, Assignee accepts the foregoing assignment and agrees, from and after the date hereof, to (i) perform all of the obligations of Buyer under the Agreement, and (ii) indemnify, defend, protect and hold Assignor harmless from and against all claims and liabilities arising under the Agreement.
IN WITNESS WHEREOF, Assignor and Assignee have executed this instrument as of the date first written above.
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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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Name: |
G. Xxxxxx Xxxxxxx |
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As Its: |
President |
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ASSIGNEE: |
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MB XXXXXXX, L.L.C., |
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a Delaware limited liability company |
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By: Minto Builders (Florida), Inc., |
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a Florida corporation, its sole member |
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By: |
/s/ Xxxxxxx Xxxxxxxxx |
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Name: |
X. Xxxxxxxxx |
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Its: |
Authorized Agent |
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