ASSIGNMENT AND ASSUMPTIONOF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.167
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 II] (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 30th day of November, 2007.
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| ASSIGNOR: | INLAND REAL ESTATE ACQUISITIONS, INC., | |
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| an Illinois corporation | |
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| By: | /s/ G. Joseph Cosenza |
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| G. Joseph Cosenza |
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| Its: | President |
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| ASSIGNEE: | INLAND AMERICAN REAL ESTATE TRUST, | |
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| By: | /s/ Marcia L. Grant |
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| Marcia L. Grant |
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| Its: | Assistant Secretary |
Exhibit A
| Pool |
| Prop. ID |
| Property Name |
| Address |
| City |
| County |
| ST |
| 1 |
| FL00144 |
| Cutler Ridge Office |
| 20295 South Dixie Highway |
| Miami |
| Dade |
| FL |
| 2 |
| FL00158 |
| University Branch |
| 6700 North Davis Highway |
| Pensacola |
| Escambia |
| FL |
| 1 |
| FL00169 |
| Destin Branch |
| 34901 Emerald Coast Parkway |
| Destin |
| Okaloosa |
| FL |
| 4 |
| FL00182 |
| Plant City Main Office |
| 202 West Reynolds Street |
| Plant City |
| Hillsborough |
| FL |
| 2 |
| FL00321 |
| Palm Harbor Office |
| 33075 U.S. Highway 19 North |
| Palm Harbor |
| Pinellas |
| FL |
| 4 |
| FL00324 |
| Dunedin Office |
| 825 Broadway |
| Dunedin |
| Pinellas |
| FL |
| 1 |
| FL00962 |
| North Coral Springs Office |
| 9501 Wiles Road |
| Coral Springs |
| Broward |
| FL |
| 4 |
| FL00993 |
| Kirkman - Conroy Branch |
| 4582 Kirkman Road |
| Orlando |
| Orange |
| FL |
| 10 |
| FL00994 |
| Kissimmee - Main Street Branch |
| 1000 North Main Street |
| Kissimmee |
| Osceola |
| FL |
| 10 |
| FL01030 |
| East Lake Wales Branch |
| 2011 State Road 60 East |
| Lake Wales |
| Polk |
| FL |
| 10 |
| FL01036 |
| Port Orange Branch |
| 3865 S Nova Road |
| Port Orange |
| Volusia |
| FL |
| 2 |
| FL01046 |
| South Daytona Branch |
| 2580 South Ridgewood Avenue |
| South Daytona |
| Volusia |
| FL |
| 10 |
| FL01051 |
| West Port Orange Branch |
| 4900 Clyde Morris Boulevard |
| Port Orange |
| Volusia |
| FL |
| 4 |
| FL01053 |
| Palm Coast West Branch |
| 15 Pine Cone Drive |
| Palm Coast |
| Flagler |
| FL |
| 4 |
| FL01090 |
| Southeast Lauderdale |
| 1601 South Federal Highway |
| Fort Lauderdale |
| Broward |
| FL |
| 4 |
| FL01096 |
| Wellington |
| 12870 Forest Hill Boulevard |
| West Palm Beach |
| Palm Beach |
| FL |
| 10 |
| FL01137 |
| North Port Office |
| 5900 North Port Boulevard |
| North Port |
| Sarasota |
| FL |
| 4 |
| FL01161 |
| Hunters Creek Branch |
| 13950 John Young Parkway |
| Orlando |
| Orange |
| FL |
| 1 |
| FL01172 |
| South 441 Branch |
| 11200 South Orange Blossom Trail |
| Orlando |
| Orange |
| FL |
| 2 |
| FL01193 |
| Melbourne South Branch |
| 2116 South Babcock Street |
| Melbourne |
| Brevard |
| FL |
| 10 |
| FL01290 |
| Fivay Road Office |
| 14207 Fivay Road |
| Hudson |
| Pasco |
| FL |
| 2 |
| FL01294 |
| Oakbridge Center Branch |
| 1215 Parkway Frontage Road North |
| Lakeland |
| Polk |
| FL |
| 1 |
| FL01331 |
| Hospital Branch |
| 1401 Miccosukee Road |
| Tallahassee |
| Leon |
| FL |
| 10 |
| FL01353 |
| Dunnellon Office |
| 20270 East Pennsylvania Road |
| Dunnellon |
| Marion |
| FL |
