ASSIGNMENT AND ASSUMPTIONOF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.175
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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| President |
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| ASSIGNEE: |
| INLAND AMERICAN REAL ESTATE TRUST, | |
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| INC., a Maryland corporation | |
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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 |
| FL00299 |
| Osceola Office |
| 111 East Osceola Street |
| Stuart |
| FL |
| 34994 |
| Martin |
| 6,300 |
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| 7 |
| FL01014 |
| Avon Park U.S. Highway 27 South Branch |
| 601 U.S. Highway 27 South |
| Avon Park |
| FL |
| 33825 |
| Highlands |
| 5,169 |
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| 7 |
| FL01069 |
| Weeki Wachee Office |
| 4066 Commercial Way |
| Spring Hill |
| FL |
| 34606 |
| Hernando |
| 9,040 |
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| 7 |
| FL01074 |
| Seven Hills Office |
| 1170 Mariner Boulevard |
| Spring Hill |
| FL |
| 34609 |
| Hernando |
| 6,400 |
|
| 7 |
| FL01140 |
| Metrowest Branch |
| 2401 South Hiawassee Road |
| Orlando |
| FL |
| 32835 |
| Orange |
| 5,000 |
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| 7 |
| FL01154 |
| Holly Hill |
| 1510 Ridgewood Avenue |
| Holly Hill |
| FL |
| 32117 |
| Volusia |
| 12,538 |
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| 7 |
| FL01218 |
| The Villages Branch |
| 101 LaGrande Boulevard |
| Lady Lake |
| FL |
| 32159 |
| Lake |
| 4,380 |
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| 12 |
| FL00194 |
| Homosassa Springs Office |
| 4650 South Suncoast Boulevard |
| Homosassa |
| FL |
| 34446 |
| Citrus |
| 3,200 |
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| 12 |
| FL00195 |
| West Inverness Office |
| 2001 West Highway 44 |
| Inverness |
| FL |
| 34453 |
| Citrus |
| 3,360 |
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| 12 |
| FL00947 |
| Jupiter Office |
| 17350 Alternate A-1-A |
| Jupiter |
| FL |
| 33477-5854 |
| Palm Beach |
| 4,078 |
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| 12 |
| FL01056 |
| South Peninsula Branch |
| 3640 South Atlantic Avenue |
| Daytona Beach Shores |
| FL |
| 32127 |
| Volusia |
| 2,352 |
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| 12 |
| FL01059 |
| Zephyrhills Main Office |
| 5435 Gall Boulevard |
| Zephyrhills |
| FL |
| 33541 |
| Pasco |
| 20,300 |
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| 12 |
| FL01348 |
| Belleview Office |
| 5760 Southeast State Road 484 |
| Belleview |
| FL |
| 34420 |
| Marion |
| 3,590 |
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