ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.174
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 REAL ESTATE TRUST, INC., a Maryland corporation, (“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.
ASSIGNOR: |
|
INLAND REAL ESTATE ACQUISITIONS, INC., |
|
|
an Illinois corporation |
||
|
|
||
|
|
||
|
By: |
/s/ G. Xxxxxx Xxxxxxx |
|
|
|
G. Xxxxxx Xxxxxxx |
|
|
Its: |
President |
ASSIGNEE: |
|
INLAND AMERICAN
REAL ESTATE TRUST, |
|
|
|
||
|
|
||
|
By: |
/s/ Xxxxxx X. Xxxxx |
|
|
|
Xxxxxx X. Xxxxx |
|
|
Its: |
Assistant Secretary |
Exhibit A
Pool |
|
Prop. ID |
|
Property Name |
|
Xxxxxxx |
|
Xxxx |
|
Xxxxx |
|
Xxx |
|
Xxxxxx |
|
Xxxx |
0 |
|
XX00000 |
|
River Crossing Branch |
|
0000 Xxxxxx Xxxx |
|
Xxx Xxxx Xxxxxx |
|
XX |
|
00000-0000 |
|
Pasco |
|
4,400 |
5 |
|
FL00270 |
|
Xxxxxxx Hills - Black Diamond |
|
0000 Xxxxx Xxxxxxx Xxxxxxx |
|
Xxxxxxx Xxxxx |
|
XX |
|
00000 |
|
Citrus |
|
4,800 |
5 |
|
FL00287 |
|
San Xxxx Office |
|
0000 Xx. Xxxxxxxxx Xxxx |
|
Xxxxxxxxxxxx |
|
XX |
|
00000 |
|
Xxxxx |
|
3,400 |
5 |
|
FL00957 |
|
Wildwood Branch |
|
000 Xxxxx Xxxx Xxxxxx |
|
Xxxxxxxx |
|
XX |
|
00000 |
|
Sumter |
|
3,522 |
5 |
|
XX00000 |
|
Xxxx Xxxxxx Xxxxxx |
|
000 Xxxxxxxxx Xxxxxxxxx |
|
Xxxx Xxxxxx |
|
XX |
|
00000 |
|
Highlands |
|
4,536 |
5 |
|
FL01027 |
|
Xxxxxx City Branch |
|
00 Xxxxxxx 00-00 Xxxx |
|
Xxxxxx Xxxx |
|
XX |
|
00000 |
|
Polk |
|
4,413 |
5 |
|
FL01055 |
|
Northgate Branch |
|
000 X Xxxxxxxxxxxxx Xxxxxxxx Xxxx |
|
Xxxxxx |
|
XX |
|
00000 |
|
Volusia |
|
4,200 |
5 |
|
XX00000 |
|
Xxxxx Xxxxx Xxxxx Xxxxxx |
|
0000 Xxxxxxxxx 000xx Xxxxxx |
|
Xxxxx Xxxxx Xxxxx |
|
XX |
|
00000 |
|
Dade |
|
2,600 |
5 |
|
FL01304 |
|
Riverdale-Ft Xxxxx |
|
00000 Xxxxx Xxxx Xxxxx Xxxx |
|
Xxxx Xxxxx |
|
XX |
|
00000 |
|
Xxx |
|
3,307 |
6 |
|
FL00155 |
|
Bartow Branch |
|
000 Xxxx Xxxx Xxxxxx |
|
Xxxxxx |
|
XX |
|
00000 |
|
Polk |
|
2,680 |
6 |
|
FL01022 |
|
Bloomingdale Xxxxxx |
|
0000 Xxxx Xxxxxx Xxxx |
|
Xxxxxxx |
|
XX |
|
00000 |
|
Hillsborough |
|
2,845 |
6 |
|
FL01085 |
|
International Mall Xxxxxx |
|
00000 Xxxxxxxxx 00xx Xxxxxx |
|
Xxxxx |
|
XX |
|
00000 |
|
Dade |
|
5,146 |
6 |
|
FL01129 |
|
Punta Gorda Office |
|
0000 Xxxxx Xxxxxxx Xxxxx |
|
Xxxxx Xxxxx |
|
XX |
|
00000 |
|
Charlotte |
|
5,923 |
6 |
|
FL01152 |
|
Eastwood Branch |
|
0000 Xxxxx Xxxxxxx Xxxxx |
|
Xxxxxxx |
|
XX |
|
00000-0000 |
|
Orange |
|
5,330 |
6 |
|
FL01335 |
|
Sun City Center Xxxxxx |
|
0000 Xxxxxxxxxxxx Xxxxx |
|
Xxx Xxxx Xxxxxx |
|
XX |
|
00000 |
|
Hillsborough |
|
11,000 |