ASSIGNMENT AND ASSUMPTIONOF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.170
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 III, 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 #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. Joseph Cosenza | |||
|
|
|
| G. Joseph Cosenza | |||
|
|
| Its: | President | |||
|
|
|
|
| |||
| ASSIGNEE: |
| INLAND AMERICAN ST PORTFOLIO III, | ||||
|
|
| L.L.C., a Delaware limited liability company | ||||
|
|
|
|
| |||
|
|
| By: | Inland American Real Estate Trust, Inc., a | |||
|
|
| Maryland corporation, its sole member | ||||
|
|
|
|
| |||
|
|
|
|
| |||
|
|
| By: | /s/ Marcia L. Grant | |||
|
|
|
| Marcia L. Grant | |||
|
|
| Its: | Assistant Secretary | |||
Exhibit A
| Pool |
| Prop. ID |
| Property Name |
| Address |
| City |
| State |
| Zip |
| County |
| Bldg |
|
| 3 |
| DC00147 |
| Rhode Island Avenue |
| 410 Rhode Island Avenue |
| Washington |
| DC |
| 20002 |
| District of Columbia |
| 2,595 |
|
| 3 |
| GA00375 |
| Haynes Bridge Branch |
| 9119 Haynes Bridge Road |
| Alpharetta |
| GA |
| 30201 |
| Fulton |
| 5,765 |
|
| 3 |
| GA00756 |
| EE Butler |
| 121 E.E. Butler Parkway |
| Gainesville |
| GA |
| 30501 |
| Hall |
| 28,056 |
|
| 3 |
| SC00185 |
| NCF: Hillcrest |
| 1742 E. Main Street |
| Spartanburg |
| SC |
| 29307 |
| Spartanburg |
| 2,303 |
|
| 3 |
| VA00191 |
| East Henrico |
| 4307 Williamsburg Rd |
| Richmond |
| VA |
| 23231 |
| Henrico |
| 2,474 |
|
| 3 |
| VA00420 |
| Port Road |
| 1300 S Main Street |
| Harrisonburg |
| VA |
| 22801 |
| City of Harrisonburg |
| 3,300 |
|
| 3 |
| VA00463 |
| Madison Heights Office |
| U.S. 29 North & Dillard Road |
| Madison Heights |
| VA |
| 24572 |
| Amherst |
| 2,776 |
|
| 3 |
| VA00490 |
| Tanglewood |
| 2730 Ogden Road S.W. |
| Roanoke |
| VA |
| 24014 |
| City of Roanoke |
| 2,432 |
|
| 11 |
| GA00385 |
| Woodstock Branch |
| 9863 Georgia Highway 92 |
| Woodstock |
| GA |
| 30188 |
| Cherokee |
| 6,142 |
|
| 11 |
| GA00534 |
| Peachtree Branch |
| 3491 Courtyard Way |
| Columbus |
| GA |
| 31909 |
| Muscogee |
| 3,672 |
|
| 11 |
| GA00730 |
| Baxley Office |
| 201 W Parker St |
| Baxley |
| GA |
| 31513-1923 |
| Appling |
| 18,126 |
|
| 11 |
| MD00420 |
| Osborne Road |
| 7620 South Osborne Road |
| Upper Marlboro |
| MD |
| 20772 |
| Prince Georges |
| 2,280 |
|
| 11 |
| NC00304 |
| NCF: Marshville |
| 103 E Main St |
| Marshville |
| NC |
| 28103 |
| Union |
| 2,150 |
|
| 11 |
| NC00310 |
| NCF: Hilltop |
| 791 East Roosevelt Blvd |
| Monroe |
| NC |
| 28110 |
| Union |
| 2,800 |
|
| 11 |
| NC00371 |
| NCF: Wake Forest |
| 353 S White Street |
| Wake Forest |
| NC |
| 27588 |
| Wake |
| 5,390 |
|
| 11 |
| SC00135 |
| NCF: Northtowne |
| 3898 Liberty Hwy |
| Anderson |
| SC |
| 29621 |
| Anderson |
| 3,500 |
|
| 11 |
| TN00317 |
| Broadway Facility |
| 600 Broadway |
| Johnson City |
| TN |
| 37601 |
| Washington |
| 1,680 |
|
| 11 |
| VA00161 |
| Allen Avenue |
| 1801 W. Broad St. |
| Richmond |
| VA |
| 23220 |
| City of Richmond |
| 10,626 |
|
| 11 |
| VA00426 |
| Gloucester Point |
| 1478 George Washington Memorial Hwy |
| Gloucester |
| VA |
| 23062 |
| Gloucester |
| 3,828 |
|
