ASSIGNMENT AND ASSUMPTIONOF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.168
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 II, 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 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 ST PORTFOLIO II, L.L.C., | |
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| By: Inland American Real Estate Trust, Inc., a | |
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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 |
| 10 |
| GA00277 |
| North X Northwest |
| 1785 the Exchange |
| Atlanta |
| Cobb |
| GA |
| 2 |
| GA00342 |
| Pershing Point Branch |
| 1503 Peachtree Street, N.E. |
| Atlanta |
| Fulton |
| GA |
| 1 |
| GA00356 |
| Executive Park Branch |
| One Executive Park Drive, Northeast |
| Atlanta |
| DeKalb |
| GA |
| 1 |
| GA00376 |
| North Fulton Hospital Branch |
| 11515 Alpharetta Highway |
| Roswell |
| Fulton |
| GA |
| 10 |
| GA00381 |
| Georgetown Branch |
| 4525 Chamblee Dunwoody Road |
| Dunwoody |
| DeKalb |
| GA |
| 4 |
| GA00424 |
| Peachtree Corners Branch |
| 6095 Peachtree Industrial Boulevard |
| Norcross |
| Gwinnett |
| GA |
| 4 |
| GA00503 |
| Washington Road (Augusta) Office |
| 2901 Washington Road |
| Augusta |
| Richmond |
| GA |
| 1 |
| GA00635 |
| Cedartown Branch |
| 725 North Main Street |
| Cedartown |
| Polk |
| GA |
| 4 |
| GA00644 |
| Bowdon Branch |
| 102 West College Street |
| Bowdon |
| Carroll |
| GA |
| 2 |
| GA00714 |
| North Brunswick Office |
| 4236 Norwich Street |
| Brunswick |
| Glynn |
| GA |
| 4 |
| GA00716 |
| Demere Office |
| 2203 Demere Road |
| St. Simons Island |
| Glynn |
| GA |
| 4 |
| GA00728 |
| Jesup Office |
| 175 South Macon Street |
| Jesup |
| Wayne |
| GA |
| 2 |
| MD00228 |
| Parole |
| 2350 Solomons Island Road |
| Annapolis |
| Anne Arundel |
| MD |
| 10 |
| MD00291 |
| Ellicott City |
| 9080 Baltimore National Pike |
| Ellicott City |
| Howard |
| MD |
| 2 |
| MD00307 |
| Rosemont |
| 1700 Rosemont Avenue |
| Frederick |
| Frederick |
| MD |
| 4 |
| MD00309 |
| Waldorf |
| 3070 Leonardtown Road |
| Waldorf |
| Charles |
| MD |
| 4 |
| NC00147 |
| NCF: Belmont Main St |
| 118 North Main St |
| Belmont |
| Gaston |
| NC |
| 2 |
| NC00152 |
| NCF: Maple Avenue |
| 2221 Maple Avenue |
| Burlington |
| Alamance |
| NC |
| 10 |
| NC00153 |
| NCF: Cum Park |
| 2178 N Church Street |
| Burlington |
| Alamance |
| NC |
| 2 |
| NC00159 |
| NCF: Carrboro |
| 102 Highway 54 West |
| Carrboro |
| Orange |
| NC |
| 1 |
| NC00207 |
| NCF: Parkade |
| 276 Concord Pkwy S |
| Concord |
| Cabarrus |
| NC |
| 1 |
| NC00217 |
| NCF: Northgate |
| 1516 N Gregson Street |
| Durham |
| Durham |
| NC |
| 2 |
| NC00272 |
| NCF: Summit Avenue |
| 1201 Summit Avenue |
| Greensboro |
| Guilford |
| NC |
| 1 |
| NC00302 |
| NCF: Lexington |
| 2 North State Street |
| Lexington |
| Davidson |
| NC |
| 10 |
| NC00305 |
| NCF: Matthews - John St |
| 345 W John St |
| Matthews |
| Mecklenburg |
| NC |
| 4 |
| NC00307 |
| NCF: Mocksville-Valley Road |
| 880 Yadkinville Rd |
| Mocksville |
| Davie |
| NC |
| 1 |
| NC00311 |
| NCF: Jefferson St |
| 114 West Jefferson Street |
| Monroe |
| Union |
| NC |
| 2 |
| NC00316 |
| NCF: Oakboro |
| 224 North Main Street |
| Oakboro |
| Stanly |
| NC |
| 1 |
| NC00322 |
| NCF: West Street |
| 192 West Street |
| Pittsboro |
| Chatham |
| NC |
| 4 |
| NC00352 |
| NCF: Pinewinds |
| 118 Small Pine Drive |
| Raleigh |
| Wake |
| NC |
| 4 |
| NC00396 |
| NCF: Zebulon |
| 208 N Arendell Avenue |
| Zebulon |
| Wake |
| NC |
| 2 |
| NC00398 |
| NCF: Yadkin Plaza |
| 912 S State St |
| Yadkinville |
| Yadkin |
| NC |
| 10 |
| SC00134 |
| NCF: Perpetual Square |
| 2125 Hwy 81 North |
| Anderson |
| Anderson |
| SC |
| 2 |
| SC00138 |
| NCF: Belton |
| 208 Anderson Street |
| Belton |
| Anderson |
| SC |
| 2 |
| SC00189 |
| NCF: Travelers Rest |
| 6708 State Park Road |
| Travelers Rest |
| Greenville |
| SC |
| 2 |
| TN00162 |
| West Nashville Branch |
| 4604 Charlotte Avenue |
| Nashville |
| Davidson |
| TN |
| 10 |
| TN00168 |
| Madison Branch |
| 202 Gallatin Road South |
| Madison |
| Davidson |
| TN |
| 2 |
| TN00180 |
| Murfreesboro Road Branch |
| 530 Murfreesboro Road |
| Nashville |
| Davidson |
| TN |
| 1 |
| TN00190 |
| Hobbs Road Branch |
| 2104 Hobbs Road |
| Nashville |
| Davidson |
| TN |
| 4 |
| TN00192 |
| Lavergne Branch |
| 5056 Murfreesboro Road |
| Lavergne |
| Rutherford |
| TN |
| 10 |
| TN00264 |
| Brainerd Branch |
| 3535 Brainerd Road |
| Chattanooga |
| Hamilton |
| TN |
| 1 |
| VA00160 |
| Church Hill |
| 2500 E. Broad St |
| Richmond |
| City of Richmond |
| VA |
| 10 |
| VA00166 |
| Azalea |
| 1101 Azalea Ave |
| Richmond |
| Henrico |
| VA |
| 1 |
| VA00173 |
| Washington Street |
| 1340 West Washington St |
| Petersburg |
| City of Petersburg |
| VA |
| 10 |
| VA00489 |
| Boonsboro |
| 4710 Boonsboro Road |
| Lynchburg |
| City of Lynchburg |
| VA |
| 1 |
| VA00520 |
| Industrial Park |
| 3351 Princess Anne Road |
| Norfolk |
| City of Norfolk |
| VA |
| 10 |
| VA00561 |
| Cheriton |
| 21263 Lankford Highway |
| Cheriton |
| Northampton |
| VA |
| 1 |
| VA00609 |
| Rocky Mount Main Office |
| 260 South Main Street |
| Rocky Mount |
| Franklin |
| VA |
