ASSIGNMENT AND ASSUMPTIONOF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.176
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.
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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 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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| 8 |
| FL00123 |
| Roseland Office |
| 13800 North U.S. Highway #1 |
| Roseland |
| FL |
| 32958 |
| Indian River |
| 3,359 |
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| 8 |
| FL00196 |
| Crystal River Office |
| 1502 Southeast U.S. Highway 19 |
| Crystal River |
| FL |
| 34429 |
| Citrus |
| 9,150 |
|
| 8 |
| FL00296 |
| Mandarin Branch |
| 11567 San Jose Boulevard |
| Jacksonville |
| FL |
| 32223 |
| Duval |
| 4,262 |
|
| 8 |
| FL00783 |
| Southwood Office |
| 5714 14th Street, West |
| Bradenton |
| FL |
| 34207 |
| Manatee |
| 3,461 |
|
| 8 |
| FL01047 |
| Edgewater Branch |
| 512 North Ridgewood Avenue |
| Edgewater |
| FL |
| 32132 |
| Volusia |
| 4,200 |
|
| 9 |
| FL00164 |
| Gulf Breeze Branch |
| 11 Hoffman Dr |
| Gulf Breeze |
| FL |
| 32561 |
| Santa Rosa |
| 9,887 |
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| 9 |
| FL00172 |
| Hallandale |
| 1900 East Hallandale Beach Blvd |
| Hallandale |
| FL |
| 33009 |
| Broward |
| 13,700 |
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| 9 |
| FL00212 |
| Lady Lake Branch |
| 415 U.S. Highway 441 |
| Lady Lake |
| FL |
| 32159 |
| Lake |
| 5,000 |
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| 9 |
| FL00221 |
| Freedom Park Office |
| 530 East Cape Coral Parkway |
| Cape Coral |
| FL |
| 33904 |
| Lee |
| 4,417 |
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| 9 |
| FL01005 |
| Palmetto Park Road |
| 1277 West Palmetto Park Road |
| Boca Raton |
| FL |
| 33486 |
| Palm Beach |
| 4,127 |
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| 9 |
| FL01009 |
| Riverbridge Office |
| 6702 Forest Hills Boulevard |
| Greenacres City |
| FL |
| 33413 |
| Palm Beach |
| 5,000 |
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| 9 |
| FL01234 |
| Country Road #1 Office |
| 1300 State Road 584 |
| Palm Harbor |
| FL |
| 34683 |
| Pinellas |
| 5,335 |
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| 9 |
| FL01333 |
| East Tamarac |
| 3850 West Commercial Boulevard |
| Tamarac |
| FL |
| 33309-3316 |
| Broward |
| 7,000 |
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