ASSIGNMENT ANDASSUMPTION OF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.169
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., | |
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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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| INC., a Maryland corporation | |
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| By: | /s/ Marcia Grant |
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| Marcia Grant |
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| Its: | Assistant Secretary |
Exhibit A
| Pool |
| Prop. ID |
| Property Name |
| Address |
| City |
| State |
| Zip |
| County |
| Bldg |
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| 3 |
| FL00316 |
| East Lake Woodlands Office |
| 3500 East Lake Road |
| Palm Harbor |
| FL |
| 34685 |
| Pinellas |
| 2,500 |
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| 3 |
| FL00322 |
| Largo Office |
| 3705 East Bay Drive |
| Largo |
| FL |
| 34641 |
| Pinellas |
| 2,400 |
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| 3 |
| FL00984 |
| Lynn Haven Office |
| 700 Florida Avenue |
| Lynn Haven |
| FL |
| 32444 |
| Bay |
| 6,600 |
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| 3 |
| FL01015 |
| Sebring North Branch |
| 3601 U.S. Highway 27 North |
| Sebring |
| FL |
| 33870 |
| Highlands |
| 3,392 |
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| 3 |
| FL01050 |
| Flagler Beach Branch |
| 323 Moody Boulevard |
| Flagler Beach |
| FL |
| 32136 |
| Flagler |
| 3,722 |
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| 3 |
| FL01225 |
| Zephyrhills North Office |
| 7344 Gall Boulevard |
| Zephyrhills |
| FL |
| 34668 |
| Pasco |
| 4,268 |
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| 3 |
| FL01241 |
| 22nd Avenue North Office |
| 2116 4th Street North |
| St. Petersburg |
| FL |
| 33704 |
| Pinellas |
| 3,694 |
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| 3 |
| FL01305 |
| San Carlos |
| 18875 South Tamiami Trail |
| Fort Myers |
| FL |
| 33912 |
| Lee |
| 2,764 |
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| 3 |
| FL01340 |
| Westland Office |
| 1740 West 49th Street |
| Hialeah |
| FL |
| 33012 |
| Dade |
| 6,668 |
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| 3 |
| FL01356 |
| North 49th Street Branch |
| 11701 49th Street North |
| Clearwater |
| FL |
| 33762 |
| Pinellas |
| 2,629 |
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| 11 |
| FL00154 |
| ST Plaza Gainesville |
| 5080 Newberry Road |
| Gainesville |
| FL |
| 32607 |
| Alachua |
| 12,933 |
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| 11 |
| FL00201 |
| South Port Office |
| 10575 South U.S. Highway 1 |
| Port St. Lucie |
| FL |
| 34952 |
| St. Lucie |
| 3,200 |
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| 11 |
| FL00271 |
| Timber Pines Office |
| 2356 Commercial Way |
| Spring Hill |
| FL |
| 34606 |
| Hernando |
| 4,778 |
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| 11 |
| FL01024 |
| Plantation Square Branch |
| 5441 North Socrum Loop Road |
| Lakeland |
| FL |
| 33809-4274 |
| Polk |
| 3,425 |
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| 11 |
| FL01045 |
| Orange Camp Branch |
| 2595 South Woodland Boulevard |
| Deland |
| FL |
| 32720 |
| Volusia |
| 4,200 |
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| 11 |
| FL01200 |
| Suntree Branch |
| 3303 Suntree Boulevard |
| Melbourne |
| FL |
| 32940 |
| Brevard |
| 3,638 |
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| 11 |
| FL01242 |
| Oakhurst Office |
| 9130 Oakhurst Road |
| Seminole |
| FL |
| 34646 |
| Pinellas |
| 2,933 |
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