Exhibit 10.500

 

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 WESTERN MARKHAM
CORP., a New Brunswick corporation, (“Assignee”) all of its right, title and
interest as a party to that certain Purchase and Sale Agreement (the “Purchase
Agreement”) by and between INLAND REAL ESTATE ACQUISITIONS, INC., or its
Designees, (collectively, “Purchaser”), and 1001674 ONTARIO, INC. and 1001675
ONTARIO, INC. (collectively, “Seller”), dated January 25, 2005 for purchase and
sale of certain real property commonly known as 101 McNabb Street, Markham,
Ontario, Canada (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.

 

This Assignment is effective as of the 25th day of January, 2005.

 

 

ASSIGNOR:

INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation

 

 

 

 

 

 

 

 

By:

/s/ G. Joseph Cosenza

 

 

 

G. Joseph Cosenza

 

 

Its:

President

 

 

 

 

ASSIGNEE:

INLAND WESTERN MARKHAM CORP., a New Brunswick corporation

 

 

 

 

 

 

 

 

By:

/s/ [ILLEGIBLE]

 

 

 

 

 

 

Its:

asst. Secretary

 

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