Document:

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.,

  
	
   

  	
   

  	
  an Illinois
  corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ G. Joseph
  Cosenza

  
	
   

  	
   

  	
   

  	
       G.
  Joseph Cosenza

  
	
   

  	
   

  	
   

  	
       President

  
	
   

  	
   

  	
   

  
	
  ASSIGNEE:

  	
   

  	
  INLAND AMERICAN
  REAL ESTATE TRUST, 

  
	
   

  	
   

  	
  INC., a Maryland
  corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Marcia L.
  Grant

  
	
   

  	
   

  	
   

  	
  Marcia L. Grant

  
	
   

  	
   

  	
  Its:  Assistant Secretary

  

 

 

Exhibit A

 

	
  Pool

  	
   

  	
  Prop. ID

  	
   

  	
  Property Name

  	
   

  	
  Address

  	
   

  	
  City

  	
   

  	
  State

  	
   

  	
  Zip

  	
   

  	
  County

  	
   

  	
  Bldg

  SF

  	
   

  
	
  7

  	
   

  	
  FL00299

  	
   

  	
  Osceola
  Office

  	
   

  	
  111
  East Osceola Street

  	
   

  	
  Stuart

  	
   

  	
  FL

  	
   

  	
  34994

  	
   

  	
  Martin

  	
   

  	
  6,300

  	
   

  
	
  7

  	
   

  	
  FL01014

  	
   

  	
  Avon
  Park U.S. Highway 27 South Branch

  	
   

  	
  601
  U.S. Highway 27 South

  	
   

  	
  Avon
  Park

  	
   

  	
  FL

  	
   

  	
  33825

  	
   

  	
  Highlands

  	
   

  	
  5,169

  	
   

  
	
  7

  	
   

  	
  FL01069

  	
   

  	
  Weeki
  Wachee Office

  	
   

  	
  4066
  Commercial Way

  	
   

  	
  Spring
  Hill

  	
   

  	
  FL

  	
   

  	
  34606

  	
   

  	
  Hernando

  	
   

  	
  9,040

  	
   

  
	
  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

  	
   

  
	
  7

  	
   

  	
  FL01154

  	
   

  	
  Holly
  Hill

  	
   

  	
  1510
  Ridgewood Avenue

  	
   

  	
  Holly
  Hill

  	
   

  	
  FL

  	
   

  	
  32117

  	
   

  	
  Volusia

  	
   

  	
  12,538

  	
   

  
	
  7

  	
   

  	
  FL01218

  	
   

  	
  The
  Villages Branch

  	
   

  	
  101
  LaGrande Boulevard

  	
   

  	
  Lady
  Lake

  	
   

  	
  FL

  	
   

  	
  32159

  	
   

  	
  Lake

  	
   

  	
  4,380

  	
   

  
	
  12

  	
   

  	
  FL00194

  	
   

  	
  Homosassa
  Springs Office

  	
   

  	
  4650
  South Suncoast Boulevard

  	
   

  	
  Homosassa

  	
   

  	
  FL

  	
   

  	
  34446

  	
   

  	
  Citrus

  	
   

  	
  3,200

  	
   

  
	
  12

  	
   

  	
  FL00195

  	
   

  	
  West
  Inverness Office

  	
   

  	
  2001
  West Highway 44

  	
   

  	
  Inverness

  	
   

  	
  FL

  	
   

  	
  34453

  	
   

  	
  Citrus

  	
   

  	
  3,360

  	
   

  
	
  12

  	
   

  	
  FL00947

  	
   

  	
  Jupiter
  Office

  	
   

  	
  17350
  Alternate A-1-A

  	
   

  	
  Jupiter

  	
   

  	
  FL

  	
   

  	
  33477-5854

  	
   

  	
  Palm
  Beach

  	
   

  	
  4,078

  	
   

  
	
  12

  	
   

  	
  FL01056

  	
   

  	
  South
  Peninsula Branch

  	
   

  	
  3640
  South Atlantic Avenue

  	
   

  	
  Daytona
  Beach Shores

  	
   

  	
  FL

  	
   

  	
  32127

  	
   

  	
  Volusia

  	
   

  	
  2,352

  	
   

  
	
  12

  	
   

  	
  FL01059

  	
   

  	
  Zephyrhills
  Main Office

  	
   

  	
  5435
  Gall Boulevard

  	
   

  	
  Zephyrhills

  	
   

  	
  FL

  	
   

  	
  33541

  	
   

  	
  Pasco

  	
   

  	
  20,300

  	
   

  
	
  12

  	
   

  	
  FL01348

  	
   

  	
  Belleview
  Office

  	
   

  	
  5760
  Southeast State Road 484

  	
   

  	
  Belleview

  	
   

  	
  FL

  	
   

  	
  34420

  	
   

  	
  Marion

  	
   

  	
  3,590EXHIBIT
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.

 

	
   

  	
  ASSIGNOR:

  	
  INLAND REAL ESTATE
  ACQUISITIONS, INC.,

  
	
   

  	
   

  	
  an Illinois
  corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ G. Joseph
  Cosenza

  
	
   

  	
   

  	
   

  	
       G.
  Joseph Cosenza

  
	
   

  	
   

  	
  Its:

  	
       President

  
	
   

  	
   

  	
   

  
	
   

  	
  ASSIGNEE:

  	
  INLAND AMERICAN
  REAL ESTATE TRUST,

  
	
   

  	
   

  	
  INC., a Maryland
  corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Marcia L.
  Grant

  
	
   

  	
   

  	
   

  	
  Marcia L. Grant

  
	
   

  	
   

  	
  Its: 

  	
  Assistant
  Secretary

  
					

 

 

Exhibit A

 

	
  Pool

  	
   

  	
  Prop. ID

  	
   

  	
  Property Name

  	
   

  	
  Address

  	
   

  	
  City

  	
   

  	
  State

  	
   

  	
  Zip

  	
   

  	
  County

  	
   

  	
  Bldg

  SF

  	
   

  
	
  8

  	
   

  	
  FL00123

  	
   

  	
  Roseland Office

  	
   

  	
  13800 North U.S.
  Highway #1

  	
   

  	
  Roseland

  	
   

  	
  FL

  	
   

  	
  32958

  	
   

  	
  Indian River

  	
   

  	
  3,359

  	
   

  
	
  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

  	
   

  
	
  9

  	
   

  	
  FL00172

  	
   

  	
  Hallandale

  	
   

  	
  1900 East Hallandale
  Beach Blvd

  	
   

  	
  Hallandale

  	
   

  	
  FL

  	
   

  	
  33009

  	
   

  	
  Broward

  	
   

  	
  13,700

  	
   

  
	
  9

  	
   

  	
  FL00212

  	
   

  	
  Lady Lake Branch

  	
   

  	
  415 U.S. Highway 441

  	
   

  	
  Lady Lake

  	
   

  	
  FL

  	
   

  	
  32159

  	
   

  	
  Lake

  	
   

  	
  5,000

  	
   

  
	
  9

  	
   

  	
  FL00221

  	
   

  	
  Freedom Park Office

  	
   

  	
  530 East Cape Coral
  Parkway

  	
   

  	
  Cape Coral

  	
   

  	
  FL

  	
   

  	
  33904

  	
   

  	
  Lee

  	
   

  	
  4,417

  	
   

  
	
  9

  	
   

  	
  FL01005

  	
   

  	
  Palmetto Park Road

  	
   

  	
  1277 West Palmetto Park
  Road

  	
   

  	
  Boca Raton

  	
   

  	
  FL

  	
   

  	
  33486

  	
   

  	
  Palm Beach

  	
   

  	
  4,127

  	
   

  
	
  9

  	
   

  	
  FL01009

  	
   

  	
  Riverbridge Office

  	
   

  	
  6702 Forest Hills
  Boulevard

  	
   

  	
  Greenacres City

  	
   

  	
  FL

  	
   

  	
  33413

  	
   

  	
  Palm Beach

  	
   

  	
  5,000

  	
   

  
	
  9

  	
   

  	
  FL01234

  	
   

  	
  Country Road #1 Office

  	
   

  	
  1300 State Road 584

  	
   

  	
  Palm Harbor

  	
   

  	
  FL

  	
   

  	
  34683

  	
   

  	
  Pinellas

  	
   

  	
  5,335

  	
   

  
	
  9

  	
   

  	
  FL01333

  	
   

  	
  East Tamarac

  	
   

  	
  3850 West Commercial
  Boulevard

  	
   

  	
  Tamarac

  	
   

  	
  FL

  	
   

  	
  33309-3316

  	
   

  	
  Broward

  	
   

  	
  7,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]