Assignment of Buyer’s Interest in Letter Agreement for The Columns Shopping Center by Inland Real Estate Acquisitions, Inc. to Inland Western Jackson Columns, L.L.C.

Summary

Inland Real Estate Acquisitions, Inc. assigns all of its rights and obligations as the buyer under a purchase agreement for The Columns Shopping Center in Jackson, Tennessee, to Inland Western Jackson Columns, L.L.C. The assignee agrees to take over all buyer responsibilities under the agreement and to protect the assignor from any claims or liabilities related to the agreement after the assignment date. This transfer is effective as of August 24, 2004.

EX-10.360 31 a2145510zex-10_360.txt EXHIBIT 10.360 Exhibit 10.360 The Columns Shopping Center ASSIGNMENT This Assignment is made as of the 24th day of August 2004 by INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation ("Assignor") to and for the benefit of INLAND WESTERN JACKSON COLUMNS, L.L.C., a Delaware limited liability company ("Assignee"). Assignor does hereby sell, assign, transfer, set over and convey unto Assignee all of its right, title and interest as Buyer under into that certain Letter Agreement for the purchase and sale of a Shopping Center dated as of June 22, 2004, as amended and entered into by Jackson Property Associates, G.P., a Georgia general partnership, as Seller, and Assignor, as Buyer (collectively, the "Agreement"), for the sale and purchase of the property described by the Agreement, located in Jackson, Tennessee. Assignor represents and warrants that it is the Buyer under the Agreement, and that it has not sold, assigned, transferred, or encumbered such interest in any way to any other person or entity. By acceptance hereof, Assignee accepts the foregoing assignment and agrees, from and after the date hereof, to (i) perform all of the obligations of Buyer under the Agreement, and (ii) indemnify, defend, protect and hold Assignor harmless from and against all claims and liabilities arising under the Agreement. IN WITNESS WHEREOF, Assignor and Assignee have executed this instrument as of the date first written above. ASSIGNOR: INLAND REAL ESTATE ACQUISITIONS, INC. an Illinois corporation By: \s\ [ILLEGIBLE] ------------------------------ Name: [ILLEGIBLE] ------------------------------ As Its: Sr VP ------------------------------ ASSIGNEE: INLAND WESTERN JACKSON COLUMNS, L.L.C., a Delaware limited liability company By: Inland Western Retail Real Estate Trust, Inc., a Maryland corporation By: \s\ [ILLEGIBLE] ------------------------------ Name: [ILLEGIBLE] ------------------------------ As Its: authorized agent ------------------------------