ASSIGNMENT AND ASSUMPTIONOF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.171
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 IV, 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., | |||
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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 IV, | |||
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| L.L.C., a Delaware limited liability company | |||
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| By: | Inland American Real Estate Trust, Inc., a | ||
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| Maryland corporation, its sole member | |||
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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 |
| State |
| Zip |
| County |
| Bldg |
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| 5 |
| GA00349 |
| Mountain Industrial Branch |
| 1849 Mountain Industrial Boulevard |
| Tucker |
| GA |
| 30084 |
| DeKalb |
| 6,059 |
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| 5 |
| GA00422 |
| Berkeley Lake Branch |
| 4601 Peachtree Industrial Boulevard |
| Norcross |
| GA |
| 30092 |
| Gwinnett |
| 3,000 |
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| 5 |
| GA00697 |
| Southside Office |
| 904 South Peterson Avenue |
| Douglas |
| GA |
| 31533 |
| Coffee |
| 4,800 |
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| 5 |
| NC00149 |
| NCF: Black Mountain |
| 200 NC Hwy 9 |
| Black Mountain |
| NC |
| 28711 |
| Buncombe |
| 5,395 |
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| 5 |
| NC00315 |
| NCF: Norwood |
| 212 S Main St |
| Norwood |
| NC |
| 28128 |
| Stanly |
| 3,400 |
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| 5 |
| NC00364 |
| NCF: Spencer |
| 420 South Salisbury Ave |
| Spencer |
| NC |
| 28159 |
| Rowan |
| 3,650 |
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| 5 |
| VA00413 |
| Spotsylvania Courthouse |
| 8970 Courthouse Road |
| Spotsylvania |
| VA |
| 22553 |
| Spotsylvania |
| 2,325 |
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| 5 |
| VA00418 |
| South Boston Main Office |
| 410 Main Street |
| South Boston |
| VA |
| 24592 |
| Halifax |
| 7,895 |
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| 5 |
| VA00510 |
| Riverside Park/Relo |
| 5922 Richmond Highway |
| Alexandria |
| VA |
| 22303 |
| Fairfax |
| 3,108 |
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| 6 |
| GA00357 |
| Brookhaven Branch |
| 4030 Peachtree Road, Northeast |
| Atlanta |
| GA |
| 30319 |
| DeKalb |
| 7,039 |
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| 6 |
| GA00420 |
| Gwinnett Medical Center Branch |
| 701 Duluth Highway |
| Lawrenceville |
| GA |
| 30045 |
| Gwinnett |
| 12,429 |
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| 6 |
| GA00663 |
| Watson Boulevard Office |
| 1903 Watson Boulevard |
| Warner Robins |
| GA |
| 31093 |
| Houston |
| 7,984 |
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| 6 |
| NC00156 |
| NCF: Butner |
| 301 Central Avenue |
| Butner |
| NC |
| 27509 |
| Granville |
| 2,503 |
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| 6 |
| NC00295 |
| NCF: Hudson |
| 164 Hickman Avenue |
| Hudson |
| NC |
| 28638 |
| Caldwell |
| 2,500 |
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| 6 |
| NC00296 |
| NCF: Lake Norman |
| 9617 Holly Point Drive |
| Huntersville |
| NC |
| 28078 |
| Mecklenburg |
| 3,200 |
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| 6 |
| TN00286 |
| Highway 58 Branch |
| 4614 Highway 58 |
| Chattanooga |
| TN |
| 37416 |
| Hamilton |
| 3,500 |
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| 6 |
| TN00299 |
| Twenty-Fifth Street Branch |
| 1432 25th Street, Northwest |
| Cleveland |
| TN |
| 37312 |
| Bradley |
| 2,069 |
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| 6 |
| VA00346 |
| Lightfoot |
| 6385 Richmond Road |
| Lightfoot |
| VA |
| 23090 |
| James City |
| 3,200 |
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| 6 |
| VA00492 |
| Fairlawn |
| 7370 Peppers Ferry Boulevard |
| Radford |
| VA |
| 24141 |
| City of Radford |
| 2,464 |
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| 6 |
| VA00565 |
| Lynnhaven |
| 635 Lynnhaven Parkway |
| Virginia Beach |
| VA |
| 23452 |
| City of Virginia Beach |
| 3,200 |
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