ASSIGNMENT AND ASSUMPTIONOF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.173
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 IA BRANCH PORTFOLIO, 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: | IA BRANCH PORTFOLIO, L.L.C., a Delaware | ||
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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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| 8 |
| GA00460 |
| Jonesboro Branch |
| 139 North Main Street |
| Jonesboro |
| GA |
| 30236 |
| Clayton |
| 9,385 |
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| 8 |
| GA00477 |
| Terrell Mill Branch |
| 1380 Powers Ferry Road |
| Marietta |
| GA |
| 30067 |
| Cobb |
| 4,869 |
|
| 8 |
| GA00500 |
| Forest Hills Office |
| 2815 Wrightsboro Road |
| Augusta |
| GA |
| 30909 |
| Richmond |
| 3,271 |
|
| 8 |
| GA00687 |
| Gillionville Branch |
| 1100 Gillionville Road |
| Albany |
| GA |
| 31707 |
| Dougherty |
| 5,655 |
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| 8 |
| MD00295 |
| Chestertown |
| 611 Washington Ave |
| Chestertown |
| MD |
| 21620 |
| Kent |
| 1,784 |
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| 8 |
| NC00268 |
| NCF: Battleground |
| 3227 Battleground Avenue |
| Greensboro |
| NC |
| 27408 |
| Guilford |
| 2,464 |
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| 8 |
| NC00309 |
| NCF: Charlotte Ave |
| 1908 Old Charlotte Hwy |
| Monroe |
| NC |
| 28110 |
| Union |
| 3,300 |
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| 8 |
| TN00182 |
| Hermitage Branch |
| 4809 Old Hickory Boulevard |
| Nashville |
| TN |
| 37076 |
| Davidson |
| 3,420 |
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| 8 |
| TN00186 |
| Priest Lake Branch |
| 2509 Murfreesboro Pike |
| Nashville |
| TN |
| 37217 |
| Davidson |
| 4,500 |
|
| 8 |
| TN00215 |
| Northside Branch |
| 104 Heritage Park Drive |
| Murfreesboro |
| TN |
| 37219 |
| Rutherford |
| 4,000 |
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| 8 |
| TN00285 |
| Red Bank Branch |
| 3513 Dayton Boulevard |
| Chattanooga |
| TN |
| 37415 |
| Hamilton |
| 4,936 |
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| 8 |
| VA00190 |
| Regency |
| 1500 Parham Road |
| Richmond |
| VA |
| 23229 |
| Henrico |
| 4,920 |
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| 8 |
| VA00350 |
| Lee-Old Dominion |
| 4710 Lee Highway |
| Arlington |
| VA |
| 22207 |
| Arlington |
| 2,100 |
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| 9 |
| GA00334 |
| Chattahoochee Branch |
| 1221 Chattahoochee Avenue, NW |
| Atlanta |
| GA |
| 30318 |
| Fulton |
| 3,994 |
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| 9 |
| GA00455 |
| Honey Creek Branch |
| 3590 Highway 20 South |
| Conyers |
| GA |
| 30013 |
| Rockdale |
| 3,191 |
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| 9 |
| GA00658 |
| Vineville Office |
| 3201 Vineville Avenue |
| Macon |
| GA |
| 31204 |
| Bibb |
| 3,106 |
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| 9 |
| GA00798 |
| Windward McGinnis |
| 5150 McGinnis Ferry Road |
| Alpharetta |
| GA |
| 30005 |
| Fulton |
| 4,758 |
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| 9 |
| NC00256 |
| NCF: Erwin |
| 101 N 13th Street |
| Erwin |
| NC |
| 28339 |
| Harnett |
| 2,800 |
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| 9 |
| TN00238 |
| Industrial Park Branch |
| 2021 North Locust |
| Lawrenceburg |
| TN |
| 38464 |
| Lawrence |
| 3,091 |
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| 9 |
| TN00319 |
| Jonesborough Facility |
| 401 Jackson Boulevard |
| Jonesborough |
| TN |
| 37659 |
| Washington |
| 1,850 |
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| 9 |
| TN00385 |
| Lake City Facility |
| 506 South Main Street |
| Lake City |
| TN |
| 37769 |
| Anderson |
| 4,500 |
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| 9 |
| VA00197 |
| Tuckernuck |
| 9072 W. Broad Street |
| Richmond |
| VA |
| 23229 |
| Henrico |
| 3,588 |
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| 9 |
| VA00513 |
| Franklin |
| 117 W. Second Avenue |
| Franklin |
| VA |
| 23851 |
| City of Franklin |
| 4,690 |
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