Document:

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                                                                  Exhibit 10.171

                               GENERAL ASSIGNMENT

     THIS GENERAL ASSIGNMENT (this "ASSIGNMENT") is made and entered into this
28th day of May, 2004, by and among NORTHPOINTE DELAWARE, LLC, a Delaware
limited liability company, and CHULA VISTA PLAZA, LLC, a California limited
liability company collectively, "ASSIGNOR") and INLAND WESTERN SPOKANE
NORTHPOINTE, L.L.C., a Delaware limited liability company ("ASSIGNEE").

                                    RECITALS:

     A.   Assignor and Assignee's predecessor-in-interest have entered into that
certain Agreement of Purchase and Sale dated as of March 23, 2004, as amended
and reinstated in its entirety by that certain Reinstatement of and First
Amendment to Agreement of Purchase and Sale, dated as of the ___ day of April,
2004 (collectively, the "PURCHASE AGREEMENT"), relating to the sale of that
certain tract of land together with the improvements thereon (the "PROPERTY")
commonly known as Northpointe Plaza Shopping Center, 9604-10100 North Newport
Highway, Spokane, Washington, and being legally described in EXHIBIT A attached
hereto and made a part hereof.

     B.   In connection with the conveyance of the Property to Assignee,
Assignor and Assignee desire to execute and deliver this general Assignment
assigning all of Assignor's right, title and interest in and to the items
identified below to Assignee.

          NOW, THEREFORE, in consideration of the receipt of Ten Dollars
($10.00) and other good and valuable consideration in hand paid by Assignee to
Assignor, the receipt and sufficiency of which are hereby acknowledged and
agreed by Assignor, the parties hereby agree as follows:

     1.   RECITALS; DEFINED TERMS. The foregoing recitals are acknowledged to be
accurate and are incorporated herein by reference. Capitalized terms used in
this Assignment and not defined herein but defined in the Purchase Agreement
shall have the meanings given to such terms in the Purchase Agreement.

     2.   ASSIGNMENT BY ASSIGNOR. Assignor hereby transfers and assigns to
Assignee all right, title and interest of Assignor in and to all of the
contracts, licenses, warranties, permits, intangible personal property and other
items listed on EXHIBIT B attached hereto and made part hereof (collectively,
the "Assigned Property").

     3.   INDEMNITY BY ASSIGNOR. Assignor does hereby agree to indemnify, hold
harmless and defend Assignee harmless from and against all claims, damages,
losses, liabilities, costs and expenses (including but not limited to reasonable
attorneys' fees and expenses) arising out of any failure by Assignor to perform
or observe the obligations, covenants, terms and conditions of or under the
Assigned Property, to the extent arising prior to the date hereof.

     4.   ASSUMPTION BY ASSIGNEE. Assignee hereby accepts the foregoing
assignment and assumes and agrees to perform all obligations of the owner under
the Assigned Property arising from and after the date hereof.

     5.   INDEMNITY BY ASSIGNEE. Assignee does hereby agree to indemnify, hold
harmless and defend Assignor from and against all claims, damages, losses,
liabilities, costs and expenses (including but not limited to reasonable
attorneys' fees and expenses) arising out of any failure of Assignee to perform
or observe, and Assignee's performance and observance of, the obligations,
duties, covenants, terms and conditions assumed by Assignee hereunder, to the
extent arising from and after the date hereof.

     6.   COUNTERPARTS. This document may be executed in any number of
counterparts, each of which may be executed by any one or more of the parties
hereto, but all of which shall constitute one instrument, and shall be binding
and effective when all parties hereto have executed at least one counterpart.

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     7.   DISPUTE. In the event of any dispute between Assignor and Assignee
arising out of the obligations of the parties under this Assignment or
concerning the meaning or interpretation of any provision contained herein, the
losing party shall pay the sole prevailing party's costs and expenses of such
dispute, including, without limitation, reasonable attorneys' fees and costs.

     8.   SUCCESSORS. This Assignment shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns.

     9.   JOINT AND SEVERAL LIABILITY. The liability of each Assignor under this
Assignment is and shall be joint and several.

     IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be
executed as of the day and year first above written.

          ASSIGNOR:   NORTHPOINTE DELAWARE, LLC, a Delaware limited liability
                      company

                      By:  /s/ Ruben Poplawski
                         -----------------------------------------
                            Ruben Poplawski
                            Sole Manager

                      CHULA VISTA PLAZA, LLC, a California limited liability
                      company

                      By:  /s/ Ruben Poplawski
                         -----------------------------------------
                            Ruben Poplawski
                            Sole Manager

          ASSIGNEE:   INLAND WESTERN SPOKANE NORTHPOINTE, L.L.C.,
                      a Delaware limited liability company

                      By:   INLAND WESTERN RETAIL REAL ESTATE TRUST, INC., its
                            sole member

                            By:      /s/ Valerie Medina
                               -----------------------------------
                                 Name:   Valerie Medina
                                      ----------------------------
                                 Its:  asst. Secretary
                                      ----------------------------

GENERAL ASSIGNMENT

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                                    EXHIBIT A

                        LEGAL DESCRIPTION OF THE PROPERTY

PARCEL "A"

THAT PORTION OF COUNTRY HOMES ESTATES, AS PER PLAT RECORDED IN VOLUME "S" OF
PLATS, PAGE 16, AND THE SOUTH HALF OF SECTION 17, TOWNSHIP 26 NORTH, RANGE 43
EAST OF THE WILLAMETTE MERIDIAN, DESCRIBED AS FOLLOWS:

BEGINNING AT THE INTERSECTION OF THE EASTERLY RIGHT OF WAY LINE OF THE NEWPORT
HIGHWAY WITH THE SOUTHERLY RIGHT OF WAY OF EAST HAWTHORNE ROAD, SAID POINT BEING
THE POINT OF BEGINNING; THENCE ALONG THE SOUTHERLY RIGHT OF WAY OF SAID EAST
HAWTHORNE ROAD, NORTH 89 DEG. 10'13" EAST, 921.82 FEET TO A POINT; THENCE
LEAVING SAID SOUTHERLY RIGHT OF WAY, SOUTH 00 DEG. 16'08" WEST, 672.21 FEET TO A
POINT; THENCE SOUTH 31 DEG. 54'04" WEST, 1,177.77 FEET TO A POINT; THENCE SOUTH
56 DEG. 54'04" WEST, 316.53 FEET TO A POINT; THENCE SOUTH 47 DEG. 20'56" WEST,
89.93 FEET TO A POINT; THENCE SOUTH 57 DEG. 23'55" WEST, 319.46 FEET TO A POINT;
THENCE SOUTH 69 DEG. 17'05" WEST, 56.65 FEET TO A POINT; THENCE SOUTH 48 DEG.
09'31" WEST, 46.29 FEET, TO THE CORNER OF THAT PORTION CONVEYED TO SHOPKO
STORES, INC., BY DEED RECORDED UNDER RECORDING NO. 8606110168; THENCE NORTH 58
DEG. 06'06" WEST, 278.22 FEET TO A POINT; THENCE NORTH 31 DEG. 54'04" EAST,
24.92 FEET TO A POINT; THENCE NORTH 58 DEG. 05'56" WEST, 507.12 FEET OF RECORD
TO A POINT ON THE EASTERLY RIGHT OF WAY LINE OF SAID NEWPORT HIGHWAY; THENCE
ALONG SAID EASTERLY RIGHT OF WAY NORTH 31 DEG. 54'04" EAST, 1,978.06 FEET TO THE
POINT OF BEGINNING, IN SPOKANE, WASHINGTON;

EXCEPT THAT PORTION DESCRIBED AS FOLLOWS:

BEGINNING AT THE INTERSECTION OF THE EASTERLY RIGHT OF WAY OF THE NEWPORT
HIGHWAY WITH THE SOUTHERLY RIGHT OF WAY OF EAST HAWTHORNE ROAD; THENCE ALONG
SAID EASTERLY RIGHT OF WAY SOUTH 31 DEG. 54'04" WEST, 756.50 FEET TO A POINT,
SAID POINT BEING THE POINT OF BEGINNING; THENCE LEAVING SAID EASTERLY RIGHT OF
WAY SOUTH 58 DEG. 05'56" EAST, 1,113.00 FEET TO A POINT; THENCE SOUTH 31 DEG.
54'04" WEST, 440.00 FEET TO A POINT; THENCE NORTH 58 DEG. 05'56" WEST, 199.00
FEET TO A POINT; THENCE NORTH 31 DEG. 54'04" EAST, 57.21 FEET TO A POINT; THENCE
NORTH 58 DEG. 05'56" WEST, 165.01 FEET TO A POINT; THENCE SOUTH 31 DEG. 54'04"
WEST, 10.00 FEET TO A POINT; THENCE NORTH 58 DEG. 05'56" WEST, 20.00 FEET TO A
POINT; THENCE NORTH 3l DEG. 54'04" EAST, 10.00 FEET TO A POINT; THENCE NORTH 58
DEG. 05'56" WEST, 20.00 FEET TO A POINT; THENCE SOUTH 31 DEG. 54'04" WEST, 77.21
FEET TO A POINT; THENCE NORTH 58 DEG. 05'56" WEST, 167.50 FEET TO A POINT;
THENCE NORTH 31 DEG. 54'04" EAST, 30.00 FEET TO A POINT; THENCE NORTH 58 DEG.
05'56" WEST, 227.99 FEET TO A POINT; THENCE NORTH 31 DEG. 54'04" EAST, 410.00
FEET TO A POINT; THENCE NORTH 58 DEG. 05'56" WEST, 313.50 FEET TO A POINT ON THE
EASTERLY RIGHT OF WAY OF SAID NEWPORT HIGHWAY; THENCE ALONG SAID EASTERLY RIGHT
OF WAY NORTH 31 DEG. 54'04" EAST, 20.00 FEET TO A POINT OF BEGINNING; BEING A
PORTION OF NORTHPOINTE PLAZA BINDING SITE PLAN, CITY FILE 89-53-BSP RECORDED
UNDER RECORDING NO. 9003280097;

ALSO EXCEPT PAD 3 OF THE NORTHPOINTE PLAZA BINDING SITE PLAN, CITY FILE

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89-53-BSP RECORDED UNDER RECORDING NO. 9003280097 SITUATED IN THE SOUTH HALF OF
SECTION 17, TOWNSHIP 26 NORTH, RANGE 43 EAST OF THE WILLAMETTE MERIDIAN,
DESCRIBED AS FOLLOWS:

COMMENCING AT THE INTERSECTION OF THE EASTERLY RIGHT OF WAY OF NEWPORT HIGHWAY
WITH THE SOUTHERLY RIGHT OF WAY OF EAST HAWTHORNE ROAD (AS SHOWN ON THE RECORD
OF SURVEY RECORDED UNDER RECORDING NO. 9202070154); THENCE ALONG THE EASTERLY
RIGHT OF WAY OF SAID NEWPORT HIGHWAY SOUTH 31 DEG. 54'04" WEST, 243.50 FEET TO A
SET STEEL PIN, SAID PIN BEING THE REAL POINT OF BEGINNING; THENCE CONTINUING
ALONG SAID EASTERLY RIGHT OF WAY SOUTH 31 DEG. 54'04" WEST, 176.50 FEET TO A SET
STEEL PIN; THENCE LEAVING SAID EASTERLY RIGHT OF WAY SOUTH 58 DEG. 05'56" EAST,
313.50 FEET TO A SET STEEL PIN; THENCE NORTH 31 DEG. 54'04" EAST, 176.50 FEET TO
A SET STEEL PIN; THENCE NORTH 58 DEG. 05'56" WEST, 313.50 FEET TO THE REAL POINT
OF BEGINNING;

AND EXCEPT THAT PORTION CONVEYED TO THE CITY OF SPOKANE BY DEED RECORDED UNDER
RECORDING NO. 9109250283;

(ALSO KNOWN AS TRACTS 1, 3 THROUGH 9, INCLUSIVE, OF RECORD OF SURVEY FOR
NORTHPOINTE PLAZA BINDING SITE PLAN RECORDED JULY 9, 1992, IN VOLUME 53 OF
SURVEYS, PAGE 27, UNDER RECORDING NO. 9207090443);

SITUATED IN THE COUNTY OF SPOKANE, STATE OF WASHINGTON.

AND BEING THE SAME PROPERTY AS LEGALLY DESCRIBED AS FOLLOWS:

THAT PORTION OF THE COUNTRY HOMES ESTATES AND THE SOUTH 1/2 OF SECTION 17,
TOWNSHIP 26 NORTH, RANGE 43 EAST, WILLIAMETTE MERIDIAN, SPOKANE COUNTY,
WASHINGTON, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT A FOUND BRASS CAP MONUMENTING THE CENTER 1/4 CORNER OF SAID
SECTION 17; THENCE NORTH 89 DEG. 10'13" EAST 1,329.85 FEET TO A FOUND BRASS CAP
MONUMENTING THE CENTER - EAST 1/16 CORNER OF SAID SECTION 17; THENCE SOUTH 89
DEG. 10'13" WEST 339.31 FEET; THENCE SOUTH 00 DEG. 49'47" EAST 47.50 FEET TO A
POINT ON THE SOUTHERLY RIGHT OF WAY OF EAST HAWTHORNE ROAD, SAID POINT BEING THE
REAL POINT OF BEGINNING.

THENCE LEAVING SAID SOUTHERLY RIGHT OF WAY SOUTH 00 DEG. 16'08" WEST 654.71
FEET; THENCE SOUTH 31 DEG. 54'04" WEST 1,177.77 FEET; THENCE SOUTH 56 DEG.
54'04" WEST 316.53 FEET; THENCE SOUTH 47 DEG. 20'56" WEST 89.93 FEET; THENCE
SOUTH 57 DEG. 23'55" WEST 319.46 FEET; THENCE SOUTH 69 DEG. 17'05" WEST 56.65
FEET; THENCE SOUTH 48 DEG. 09'31" WEST 46.29 FEET; THENCE NORTH 58 DEG. 06'06"
WEST 278.22 FEET; THENCE NORTH 31 DEG. 54'04" EAST 24.92 FEET; THENCE NORTH 58
DEG. 05'56" WEST 507.12 FEET TO A POINT ON THE EASTERLY RIGHT OF WAY OF NEWPORT
HIGHWAY; THENCE NORTH 31 DEG. 54'04" EAST 1,201.56 FEET ALONG SAID RIGHT OF WAY;
THENCE LEAVING SAID RIGHT OF WAY SOUTH 58 DEG. 05'56" EAST 313.50 FEET; THENCE
SOUTH 31 DEG. 54'04" WEST 410.00 FEET; THENCE SOUTH 58 DEG. 05'56" EAST 227.99
FEET; THENCE SOUTH 31 DEG. 54'04" WEST 30.00 FEET; THENCE SOUTH 58 DEG. 05'56"
EAST 167.50 FEET; THENCE NORTH 31 DEG. 54'04" EAST 77.21 FEET; THENCE SOUTH 58
DEG. 05'56" EAST 20.00 FEET; THENCE SOUTH 31 DEG. 54'04" EAST 10.00 FEET; THENCE
SOUTH 58 DEG. 05'56" EAST 20 FEET; THENCE NORTH 31 DEG. 54'04" EAST 10.00 FEET;
THENCE SOUTH 58 DEG. 05'56" EAST 165.01 FEET; THENCE

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SOUTH 31 DEG. 54'04" WEST 57.21 FEET; THENCE SOUTH 58 DEG. 05'56" EAST 199.00
FEET; THENCE NORTH 31 DEG. 54'04" EAST 440.00 FEET; THENCE NORTH 58 DEG. 05'56"
WEST 1,113.00 FEET TO A POINT ON THE EASTERLY RIGHT OF WAY OF NEWPORT HIGHWAY;
THENCE ALONG SAID RIGHT OF WAY NORTH 31 DEG. 54'04" EAST 336.57 FEET; THENCE
LEAVING SAID RIGHT OF WAY SOUTH 58 DEG. 05'56" EAST 313.50 FEET; THENCE NORTH 31
DEG. 54'04" EAST 176.50 FEET; THENCE NORTH 58 DEG. 05'56" WEST 313.50 FEET TO
SAID EASTERLY RIGHT OF WAY; THENCE ALONG SAID RIGHT OF WAY NORTH 31 DEG. 54'04"
EAST 204.78 FEET; THENCE SOUTH 58 DEG. 05'56" EAST 21.00 FEET; THENCE NORTH 49
DEG. 33'51" EAST 41.48 FEET TO THE SOUTHERLY RIGHT OF WAY OF EAST HAWTHORNE
ROAD; THENCE ALONG SAID SOUTHERLY RIGHT OF WAY NORTH 89 DEG. 10'13" EAST 892.80
FEET TO THE REAL POINT OF BEGINNING.

PARCEL "B"

A NON-EXCLUSIVE EASEMENT FOR INGRESS AND EGRESS AS DELINEATED ON NORTHPOINTE
PLAZA, PHASE TWO BINDING SITE PLAN, CITY FILE 89-53-BSP, RECORDED APRIL 26,1991,
IN VOLUME 1 OF BINDING SITE PLANS, PAGES 48, 49 AND 50, UNDER RECORDING NO.
9104260211, AND AMENDED UNDER VOLUME 1 OF BINDING SITE PLANS AT PAGES 66, 67 AND
72 UNDER RECORDING NOS. 9411080001, 9501310096 AND 9510050017;

SITUATED IN THE COUNTY OF SPOKANE, STATE OF WASHINGTON.

PARCEL "C"

NON-EXCLUSIVE EASEMENTS FOR (a) PEDESTRIAN AND VEHICULAR INGRESS, EGRESS,
PASSAGE, AND ACCOMODATION, (b) THE INSTALLATION, OPERATION, FLOW, PASSAGE, USE,
MAINTENANCE, CONNECTION, REPAIR, RELOCATION AND REMOVAL OF UTILITY LINES (AS
DEFINED), (c) THE DISCHARGE OF SURFACE STORM DRAINAGE AND/OR RUNOFF, AND (d)
CONSTRUCTION, MAINTENANCE AND REPLACEMENT OF UNDERGROUND FOOTINGS, ALL AS
CREATED BY OPERATION AND EASEMENT AGREEMENT, DATED NOVEMBER 22, 1989, AND
RECORDED WITH THE SPOKANE COUNTY, WASHINGTON AUDITOR UNDER RECORDING NO.
9004050105, AS AMENDED BY FIRST AMENDMENT TO OPERATION AND EASEMENT AGREEMENT,
DATED ON OR ABOUT SEPTEMBER 16, 1992, AND RECORDED WITH THE SPOKANE COUNTY,
WASHINGTON AUDITOR UNDER RECORDING NO. 9501130346, AS FURTHER AMENDED BY SECOND
AMENDMENT TO OPERATION AND EASEMENT AGREEMENT, DATED JANUARY 12, 1998, AND
RECORDED WITH THE SPOKANE COUNTY, WASHINGTON AUDITOR UNDER RECORDING NO.
4667459, AND AS FURTHER AMENDED BY THIRD AMENDMENT TO OPERATION AND EASEMENT
AGREEMENT, DATED OCTOBER 12, 2001, AND RECORDED WITH THE SPOKANE COUNTY,
WASHINGTON AUDITOR UNDER RECORING NO. 4667460.

SITUATED IN THE COUNTY OF SPOKANE, STATE OF WASHINGTON

PARCEL "D"

NON-EXCLUSIVE EASEMENTS FOR (a) PEDESTRIAN AND VEHICULAR INGRESS, EGRESS,
PASSAGE AND ACCOMODATION, (b) THE INSTALLATION, OPERATION, FLOW, PASSAGE, USE,
MAINTENANCE, CONNECTION, REPAIR, RELOCATION AND

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REMOVAL OF UTILITY LINES (AS DEFINED), AND (c) THE DISCHARGE OF SURFACE STORM
"208" DRAINAGE AND/OR RUNOFF, ALL AS CREATED BY COMMON ACCESS AND UTILITY
AGREEMENT, DATED MARCH 1, 1990, AND RECORDED WITH THE SPOKANE COUNTY, WASHINGTON
AUDITOR UNDER RECORDING NO. 9104260214.

SITUATED IN THE COUNTY OF SPOKANE, STATE OF WASHINGTON

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                                    EXHIBIT B

1.   All licenses, registrations, certificates, permits, approvals and other
governmental authorizations relating to the construction, operation, use or
occupancy of the Property and the buildings and other improvements located
thereon, or any portion thereof.

2.   All of Assignor's right, title and interest in and to all logos, designs,
trade names, trademarks, service marks, copyrights and other intangible personal
property relating to the Property, including, without limitation, the name
"Northpointe Plaza Shopping Center" and any other name or names by which the
Property is known or referred;

3.   All of Assignor's right, title and interest in and to all warranties and
guarantees, if any, relating to the personal property located on the Property or
in the buildings and other improvements located thereon;

4.   All of Assignor's right, title and interest in and to the contracts listed
on Exhibit B-l attached hereto and made a part hereof; and

5.   All of Assignor's right, title and interest in and to all as-built plans
and specifications, construction drawings, and engineering plans and studies
relating to the Property.

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                                   EXHIBIT B-1

1.   Peak Performance Service Agreement dated June 5, 2003
2.   Senske Lawn & Tree Care Grounds Maintenance Agreement dated March 22, 2004
3.   Maintenance Services Agreement for Common Areas (Tony Rossi) dated November
     30, 2000
4.   Parking Lot Sweeping Agreement dated July 19, 2001
5.   Mulvaney Roofing Inc. Proposal dated November 7, 2001
6.   State Protection Services Security Agreement dated December 2, 2003
7.   General Fire Protection System, Inc., Monitoring Agreement (T.J. Maxx)
     dated September 18, 2001
8.   General Fire Protection System, Inc., Monitoring Agreement (America's Best)
     dated September 18, 2001
9.   General Fire Protection System, Inc., Monitoring Agreement (Corral West)
     dated September 18, 2001
10.  General Fire Protection System, Inc., Monitoring Agreement (Border's) dated
     September 18, 2001

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                                     JOINDER

     The undersigned hereby executes this Joinder to that certain General
Assignment (the "General Assignment") among Northpointe Delaware, LLC, Chula
Vista Plaza, LLC and Inland Western Spokane Northpointe, L.L.C. ("Northpointe"),
and dated as of May 28, 2004, for the sole purpose of assigning to Northpointe
all of the undersigned's right, title and interest in and to the contracts
listed on Exhibit B-l attached to the General Assignment.

EXECUTED this 28th day of May, 2004.

BARCLAY'S REALTY & MANAGEMENT CO.

By:  /s/Ruben Poplawski
   ----------------------------
     Name: RUBEN POPLAWSKI
          ---------------------
     Its:  PRESIDENT
         ---------------------

GENERAL ASSIGNMENT<Page>

                                                                  Exhibit 10.172

                      POST CLOSING AND INDEMNITY AGREEMENT

     THIS POST CLOSING AND INDEMNITY AGREEMENT (this "Agreement") is made and
entered into as of the ___ day of May, 2004, by and among INLAND WESTERN SPOKANE
NORTHPOINTE, L.L.C., a Delaware limited liability company ("Purchaser"), and
NORTHPOINTE DELAWARE, LLC, a Delaware limited liability company, and CHULA VISTA
PLAZA, LLC, a California limited liability company (collectively, "Seller"), in
connection with the acquisition by Purchaser of that certain property commonly
known as Northpointe Plaza Shopping Center, Spokane, Washington (the
"Property").

     WHEREAS, Purchaser is acquiring the Property from Seller (the
"Transaction").

     WHEREAS, in order to proceed with and consummate such acquisition and as a
condition to closing the Transaction, Purchaser requires that Seller agree to
the obligations and indemnities set forth below, which are to be performed after
such closing.

     NOW, THEREFORE, for good and valuable consideration including the mutual
promises contained herein, the parties hereto agree as follows:

     1.   PETSMART; SALLY BEAUTY AND LINENS-N-THINGS ESTOPPELS; HALLMARK LEASE.

          (a)   In its estoppel certificate delivered in connection with the
     Transaction, PetsMart, Inc. ("PetsMart") asserts a claim that the landlord
     under the PetsMart lease relating to the Property (the "Lease") owes to
     PetsMart the following amounts; (a) $2,313.86 relating to an overpayment by
     PetsMart of Common Area Maintenance (as defined in the Lease) for calendar
     year 2001 and PetsMart's audit fee relating thereto (the "2001 Claim"); (b)
     $4,570.54 relating to an overpayment by PetsMart of Common Area Maintenance
     for calendar year 2002 and PetsMart's audit fee relating thereto (the "2002
     Claim"); and (c) $31,609.00 relating to an alleged refund owed to PetsMart
     on account of landlord's alleged failure to deliver to PetsMart an
     Adjustment Bill (as defined in the Lease) for the calendar year 2003 Common
     Area Maintenance Expense (the "2003 Claim"). Seller represents and warrants
     that (i) the 2001 Claim and 2002 Claim currently are being reviewed and
     considered by Seller, and (ii) Seller has delivered to PetsMart the
     calendar year 2003 Adjustment Bill.

          (b)   Seller shall use its best efforts to resolve and settle the 2001
     Claim and the 2002 Claim within sixty (60) days after the date of this
     Agreement. Seller shall deliver evidence, to Purchaser's reasonable
     satisfaction, of the final agreement and resolution of the 2001 Claim and
     the 2002 Claim with PetsMart. As security for payment of any and all
     amounts owed to PetsMart in connection with the 2001 Claim and/or the 2002
     Claim, Seller shall, at the closing of the Transaction, deposit with
     Chicago Title Insurance Company, as escrowee ("CTIC"), the sum of $6,884.40
     (the "Escrow Amount"). Upon delivery to Purchaser of satisfactory evidence
     of the final agreement and resolution of the 2001 Claim and the 2002 Claim
     with PetsMart, and that payment of such claims have been made to PetsMart,
     Seller shall have the right (with Purchaser's consent) to direct CTIC to
     disburse the Escrow Amount to Seller as reimbursement of such amounts so
     paid. If at any time after the date of this Agreement, PetsMart shall (i)
     file or threaten to file any litigation or other proceeding in regards to
     the 2001 Claim and/or the 2002 Claim, or (ii) offset or deduct from any
     rent or other amounts due under the Lease the amount of the 2001 Claim
     and/or the 2002 Claim or any portion thereof, then Purchaser shall have the
     right to direct CTIC to disburse the Escrow Amount to Purchaser, in which
     event Purchaser thereafter shall have the right to pay such amount to
     PetsMart in settlement and resolution of the 2001 Claim and the 2002 Claim.
     Additionally, Seller shall be responsible to reimburse Purchaser for all
     reasonable court costs, attorneys' fees and other costs and expenses
     suffered or incurred by Purchaser with respect to or in connection with any
     litigation or other proceeding in regards to the 2001 Claim and/or the 2002
     Claim.

                                        1
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          (c)   Since PetsMart has been delivered the 2003 Adjustment Bill,
     PetsMart may elect, pursuant to the terms of the Lease, to audit the 2003
     Common Area Maintenance expenses. Seller shall fully cooperate, at its cost
     and expense, with PetsMart in connection with any such audit, and shall
     provide PetsMart any and all information reasonably requested by PetsMart,
     and all information to which PetsMart is entitled under the terms of the
     Lease, in connection with the 2003 Common Area Maintenance expenses. Upon
     PetsMart's completion of said audit, Seller promptly shall review the same
     and resolve any and all claims made by PetsMart in connection therewith.
     Seller acknowledges that any final, agreed upon reimbursement to PetsMart
     for 2003 Common Area Maintenance shall be paid by Seller. Seller hereby
     agrees to defend, hold harmless and indemnify Purchaser and its members,
     officers, directors, partners, representatives, employees, agents,
     mortgagees, licensees, tenants, property managers, contractors, guests and
     invitees (and their respective members, officers, directors, partners,
     representatives, employees, agents, mortgagees, licensees, contractors,
     guests and invitees) from and against any and all claims, costs, expenses
     (including, but not limited to, reasonable attorneys' fees and litigation
     costs), damages, judgments, demands, penalties, fines, interest and
     liabilities due to, resulting from, or arising in connection with, directly
     or indirectly, the 2003 Claim, any alleged overpayment by PetsMart of
     Common Area Maintenance expenses for calendar year 2003 and/or the
     aforementioned audit.

          (d)   In its estoppel certificate delivered in connection with the
     Transaction, Sally Beauty Company, Inc. ("Sally Beauty") asserts a claim
     that it is entitled to a credit against rent payable under the Sally Beauty
     lease relating to the Property in an amount equal to $399.97 (the "Sally
     Beauty Credit"). Seller hereby agrees to defend, hold harmless and
     indemnify Purchaser and its members, officers, directors, partners,
     representatives, employees, agents, mortgagees, licensees, tenants,
     property managers, contractors, guests and invitees (and their respective
     members, officers, directors, partners, representatives, employees, agents,
     mortgagees, licensees, contractors, guests and invitees) from and against
     any and all claims, costs, expenses (including, but not limited to,
     reasonable attorneys' fees and litigation costs), damages, judgments,
     demands, penalties, fines, interest and liabilities due to, resulting from,
     or arising in connection with, directly or indirectly, the Sally Beauty
     Credit. If Sally Beauty shall offset or deduct the amount of the Sally
     Beauty Credit from any rent or other amounts due under its lease after the
     date of this Agreement, then Seller promptly shall reimburse Purchaser for
     the amount so offset or deducted.

          (e)   In its estoppel certificate delivered in connection with the
     Transaction, LNT West, Inc. ("Linens") asserts a claim that it is entitled
     to a credit against rent payable under the Linens lease relating to the
     Property in an amount equal to $4,553.65 (the "Linens Credit"). Seller has
     informed Purchaser that Linens offset the amount of the Linens Credit
     against rent due under the Linens lease for May, 2004. Seller hereby agrees
     to defend, hold harmless and indemnify Purchaser and its members, officers,
     directors, partners, representatives, employees, agents, mortgagees,
     licensees, tenants, property managers, contractors, guests and invitees
     (and their respective members, officers, directors, partners,
     representatives, employees, agents, mortgagees, licensees, contractors,
     guests and invitees) from and against any and all claims, costs, expenses
     (including, but not limited to, reasonable attorneys' fees and litigation
     costs), damages, judgments, demands, penalties, fines, interest and
     liabilities due to, resulting from, or arising in connection with, directly
     or indirectly, the Linens Credit. If Linens shall offset or deduct the
     amount of the Linens Credit from any rent or other amounts due under its
     lease after the date of this Agreement, then Seller promptly shall
     reimburse Purchaser for the amount so offset or deducted,

          (f)   Pursuant to a certain Lease Amendment dated February, 29, 2004
     (the "Lease Amendment"), Mark's Card Shops, Inc. ("Hallmark") contracted
     its space at the Property. Pursuant to the Lease Amendment, Seller, as
     landlord, and Hallmark are required to perform and complete certain work
     with respect to the contraction of the space (collectively, the "Work"). As
     of the date of this Agreement, all of the Work has not been completed.
     Seller covenants and agrees that it shall, at no cost to Purchaser,
     coordinate the diligent completion of the Work (and to the extent any
     unfinished Work is the responsibility of the landlord, pay for the cost of
     such Work) as soon as reasonably practicable, Furthermore, upon completion
     of the Work, Seller and Purchaser shall reasonably

                                        2
<Page>

     cooperate with each other and with Hallmark with respect to the
     re-measurement of the Hallmark space (i.e., the contracted space). If the
     re-measurement of the Hallmark space results in Hallmark leasing less than
     3,461 square feet, then Seller immediately shall deposit into the Vacant
     Space Escrow (as defined in that certain Vacancy Escrow Agreement of even
     date herewith among Seller, Purchaser and Chicago Title Insurance Company
     (the "Vacancy Escrow Agreement)), an amount equal to the product of (i) the
     difference between 3,461 and the actual amount of space leased by Hallmark,
     multiplied by (ii) Nineteen and 20/100 Dollars ($19.20), multiplied by
     (iii) two (2)(the "Additional Vacant Space Escrowed Funds"). The Additional
     Vacant Space Escrowed Funds shall constitute Vacant Space Escrowed Funds
     (as defined in the Vacancy Escrow Agreement), and shall be held and
     disbursed in accordance with the terms of the Vacancy Escrow Agreement.

     2.   FURTHER ASSURANCES. Seller and Purchaser agree to cooperate with
each other following the closing to confirm any matter and execute any document
reasonably required by the other party in furthering of the closing.

     3.   MISCELLANEOUS. This Agreement shall be interpreted and enforced in
accordance with the internal laws of the State of Washington. The invalidity or
unenforceability of any provision of this Agreement shall not affect, modify or
impair the validity and enforceability of all other provisions of this
Agreement. This Agreement shall be binding on and shall inure to the benefit of
the parties hereto and their representatives, heirs, legatees, successors, and
assigns; provided, however, that Seller shall have no right whatsoever to assign
its interest under this Agreement and any such attempted assignment shall
automatically be null and void and of no force and effect, and shall be deemed a
breach by Seller of its obligations hereunder. No failure or delay by Purchaser
in exercising any right, power or privilege under this Agreement shall operate
as a waiver thereof, nor shall any single or partial exercise thereof preclude
any other or further exercise thereof or the exercise of any right, power or
privilege hereunder. No change, amendment or modification of this Agreement
shall be binding or enforceable unless in writing and executed by the party to
be bound thereby. The covenants, agreements and indemnification provisions
contained in this Agreement shall be enforceable notwithstanding the closing of
the Transaction. In the event of litigation with respect to any portions of this
Agreement, the prevailing party will be entitled to collect all reasonable legal
fees incurred in connection with such litigation from the non-prevailing party.
Purchaser shall have all remedies available at law and in equity on account of a
default by Seller under this Agreement. Time is of the essence of this Agreement
and the terms hereof. This Agreement may be signed in counterparts.

                         [SIGNATURES ON FOLLOWING PAGE]

                                        3
<Page>

     IN WITNESS WHEREOF, the parties have executed this Post Closing and
Indemnity Agreement effective as of the first date written above.

                 SELLER:

                 NORTHPOINTE DELAWARE, LLC, a Delaware limited liability
                 company

                 By:  /s/ Ruben Poplawski
                    -----------------------------------------
                       Ruben Poplawski
                       Sole Manager

                 CHULA VISTA PLAZA, LLC, a California limited liability
                 company

                 By:  /s/ Ruben Poplawski
                    -----------------------------------------
                       Ruben Poplawski
                       Sole Manager

                 PURCHASER:

                 INLAND WESTERN SPOKANE NORTHPOINTE, L.L.C.,
                 a Delaware limited liability company

                 By:   INLAND WESTERN RETAIL REAL ESTATE TRUST, INC., its sole
                       member

                       By:  /s/ Valerie Medina
                          -----------------------------------
                            Valerie Medina
                            Assistant Secretary

NORTHPOINTE - POST CLOSING AGREEMENT(3)

                                        4

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