ASSIGNMENT AND ASSUMPTIONOF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.172
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 V, 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.
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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 V, L.L.C., | |
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| By: Inland American Real Estate Trust, Inc., a 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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| 7 |
| GA00388 |
| Medlock Bridge Branch |
| 9600 Medlock Bridge Road |
| Duluth |
| GA |
| 30097 |
| Fulton |
| 5,942 |
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| 7 |
| GA00502 |
| Peach Orchard Office |
| 2625 Peach Orchard Road |
| Augusta |
| GA |
| 30906 |
| Richmond |
| 5,937 |
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| 7 |
| GA00739 |
| Prince Avenue Office |
| 1022 Prince Avenue |
| Athens |
| GA |
| 30606 |
| Clarke |
| 5,960 |
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| 7 |
| NC00166 |
| NCF: North Harrison |
| 950 N Harrison Avenue |
| Cary |
| NC |
| 27513 |
| Wake |
| 3,500 |
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| 7 |
| NC00297 |
| NCF: Cannon Blvd |
| 970 S Cannon Blvd |
| Kannapolis |
| NC |
| 28083 |
| Cabarrus |
| 6,094 |
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| 7 |
| NC00356 |
| NCF: South Madison |
| 207 S Madison Blvd |
| Roxboro |
| NC |
| 27573 |
| Person |
| 4,500 |
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| 7 |
| TN00166 |
| West End Branch |
| 1715 West End Avenue |
| Nashville |
| TN |
| 37203 |
| Davidson |
| 3,000 |
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| 7 |
| TN00268 |
| St. Elmo Branch |
| 3734 St. Elmo Avenue |
| Chattanooga |
| TN |
| 37409 |
| Hamilton |
| 6,552 |
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| 7 |
| VA00478 |
| Northwest |
| 2230 Melrose Avenue N.W. |
| Roanoke |
| VA |
| 24017 |
| City of Roanoke |
| 2,138 |
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| 7 |
| VA00553 |
| Westgate |
| 7915 Sudley Rd |
| Manassas |
| VA |
| 22110 |
| City of Manassas |
| 5,500 |
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| 7 |
| VA00557 |
| Nassawadox |
| 10233 Rogers Road |
| Nassawadox |
| VA |
| 23413 |
| Northampton |
| 1,822 |
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| 12 |
| GA00499 |
| Walton Way Office |
| 1602 Walton Way |
| Augusta |
| GA |
| 30904 |
| Richmond |
| 2,892 |
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| 12 |
| GA00711 |
| Brunswick Main Office |
| 510 Glouchester Street |
| Brunswick |
| GA |
| 31520 |
| Glynn |
| 29,352 |
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| 12 |
| MD00315 |
| Bladensburg |
| 4805 Annapolis Road |
| Bladensburg |
| MD |
| 20710 |
| Prince Georges |
| 4,800 |
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| 12 |
| NC00169 |
| NCF: Chapel Hill Blvd |
| 1775 Dobbins Drive |
| Chapel Hill |
| NC |
| 27514 |
| Orange |
| 2,464 |
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| 12 |
| NC00211 |
| NCF: Denton |
| 71 N Main Street |
| Denton |
| NC |
| 27239 |
| Davidson |
| 4,620 |
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| 12 |
| NC00298 |
| NCF: Kernersville |
| 1000 S Main Street |
| Kernersville |
| NC |
| 27285 |
| Forsyth |
| 3,400 |
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| 12 |
| NC00308 |
| NCF: Mocksville-Water St |
| 148 Water St |
| Mocksville |
| NC |
| 27028 |
| Davie |
| 3,840 |
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| 12 |
| NC00347 |
| NCF: Harps Mill |
| 7029 Harps Mill Road |
| Raleigh |
| NC |
| 27615 |
| Wake |
| 5,685 |
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| 12 |
| NC00395 |
| NCF: Youngsville |
| 110 S College St |
| Youngsville |
| NC |
| 27596 |
| Franklin |
| 1,400 |
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| 12 |
| TN00289 |
| East Third Street Branch |
| 2201 East Third Street |
| Chattanooga |
| TN |
| 37404 |
| Hamilton |
| 3,125 |
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| 12 |
| VA00176 |
| Mechanicsville |
| 8028 Mechanicsville Pike |
| Mechanicsville |
| VA |
| 23111 |
| Hanover |
| 4,042 |
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| 12 |
| VA00179 |
| Beaverdam |
| 16186 Beaverdam School Road |
| Beaverdam |
| VA |
| 23015 |
| Spotsylvania |
| 2,447 |
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