SHOPPING CENTER PURCHASE AGREEMENTShopping Center Purchase Agreement • April 17th, 2012 • Phillips Edison - ARC Shopping Center REIT Inc. • Real estate investment trusts
THIS SHOPPING CENTER PURCHASE AGREEMENT (“Agreement”) is made as of the Effective Date (as defined below) by and between TRAMWAY CROSSING, LLC, a North Carolina limited liability company (“Seller”), and THE PHILLIPS EDISON GROUP LLC, an Ohio limited liability company (“Purchaser”).
ASSIGNMENT AND ASSUMPTION OF RIGHTS UNDER SHOPPING CENTER PURCHASE AGREEMENTAssignment and Assumption • April 17th, 2012 • Phillips Edison - ARC Shopping Center REIT Inc. • Real estate investment trusts
For good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, PHILLIPS EDISON GROUP LLC, an Ohio limited liability company (“Assignor”), hereby assigns, transfers and sets over to TRAMWAY STATION LLC (“Assignee”), all of Assignor’s right, title, and interest as Purchaser in and to that certain Tramway Crossing Shopping Center Purchase and Sale Agreement dated as of January 27, 2012, as same may have been or may be amended, including any addendum thereto (“Agreement”) with Tramway Crossing, LLC (“Seller”), as Seller, with respect to the land and improvements thereon located in Sanford, North Carolina, more particularly described in the Agreement, including, but not limited to, its right, title and interest in and to the Deposit (as defined in the Agreement).
ASSIGNMENT AND ASSUMPTION OF RIGHTS UNDER SHOPPING CENTER PURCHASE AGREEMENTAssignment and Assumption • April 17th, 2012 • Phillips Edison - ARC Shopping Center REIT Inc. • Real estate investment trusts
For good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, PHILLIPS EDISON GROUP LLC, an Ohio limited liability company (“Assignor”), hereby assigns, transfers and sets over to WESTIN STATION LLC (“Assignee”), all of Assignor’s right, title, and interest as Purchaser in and to that certain Shopping Center Purchase and Sale Agreement dated January 27, 2012 as same may have been or may be amended, including any addendum thereto (“Agreement”) with Westin Centre, LLC (“Seller”), as Seller, with respect to the land and improvements thereon located in Fayetteville, Cumberland County, North Carolina, more particularly described in the Agreement, including, but not limited to, its right, title and interest in and to the Deposit (as defined in the Agreement).
