ASSIGNMENT AND ASSUMPTIONOF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.174
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 | |
| ASSIGNEE: |
| INLAND AMERICAN REAL ESTATE TRUST, | |
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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 |
| 5 |
| FL00242 |
| River Crossing Branch |
| 5412 Little Road |
| New Port Richey |
| FL |
| 34655-1103 |
| Pasco |
| 4,400 |
| 5 |
| FL00270 |
| Beverly Hills - Black Diamond |
| 3643 North Lecanto Highway |
| Beverly Hills |
| FL |
| 34465 |
| Citrus |
| 4,800 |
| 5 |
| FL00287 |
| San Jose Office |
| 6375 St. Augustine Road |
| Jacksonville |
| FL |
| 32217 |
| Duval |
| 3,400 |
| 5 |
| FL00957 |
| Wildwood Branch |
| 406 South Main Street |
| Wildwood |
| FL |
| 34785 |
| Sumter |
| 3,522 |
| 5 |
| FL01016 |
| Lake Placid Branch |
| 611 Interlake Boulevard |
| Lake Placid |
| FL |
| 33852 |
| Highlands |
| 4,536 |
| 5 |
| FL01027 |
| Haines City Branch |
| 99 Highway 17-92 West |
| Haines City |
| FL |
| 33844 |
| Polk |
| 4,413 |
| 5 |
| FL01055 |
| Northgate Branch |
| 201 E International Speedway Blvd |
| Deland |
| FL |
| 32724 |
| Volusia |
| 4,200 |
| 5 |
| FL01084 |
| North Miami Beach Office |
| 1576 Northeast 163rd Street |
| North Miami Beach |
| FL |
| 33162 |
| Dade |
| 2,600 |
| 5 |
| FL01304 |
| Riverdale-Ft Myers |
| 14490 South Palm Beach Blvd |
| Fort Myers |
| FL |
| 33905 |
| Lee |
| 3,307 |
| 6 |
| FL00155 |
| Bartow Branch |
| 255 West Main Street |
| Bartow |
| FL |
| 33830 |
| Polk |
| 2,680 |
| 6 |
| FL01022 |
| Bloomingdale Office |
| 3511 Bell Shoals Road |
| Valrico |
| FL |
| 33594 |
| Hillsborough |
| 2,845 |
| 6 |
| FL01085 |
| International Mall Office |
| 10690 Northwest 12th Street |
| Miami |
| FL |
| 33172 |
| Dade |
| 5,146 |
| 6 |
| FL01129 |
| Punta Gorda Office |
| 1225 South Tamiami Trail |
| Punta Gorda |
| FL |
| 33950 |
| Charlotte |
| 5,923 |
| 6 |
| FL01152 |
| Eastwood Branch |
| 1999 South Alafaya Trail |
| Orlando |
| FL |
| 32828-8732 |
| Orange |
| 5,330 |
| 6 |
| FL01335 |
| Sun City Center Office |
| 1525 Rickenbacker Drive |
| Sun City Center |
| FL |
| 33573 |
| Hillsborough |
| 11,000 |
