HomeMy WebLinkAbout2003-08-12 Purchase & Sale Agreementa JSSH A-RCHJTECTS INC.
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08/23/2003 18:22 FAX 780 425 3980
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PURCHASE AND SALE AGREEMENT
BETWEEN
SC MALL LLC
(SELLER)
pi -A
C&H DEVELOPNffiNTS ( U.S. ) , INC
(BUYER)
Location: Ste Croix Strip Shopping Center
Osgood and Ifighway 3 6
Oak Park Heights, Minnesota
2002
Dated as of June 12, 2003
08/23/2003 18:22 F AX 780 425 3980
PURCHASE AND SSE AGREEMENT
16003
T his Purchase and Sale Agreement ("Agreement") is made as of the 12 day of June,
�
3 (the "Effective Date "') by and between SC MALL LLC, a Minnesota limi liability
company ("SeHer'% and C &H DEVELOPMENTS (U.S.), ITC., a Minnesota corporation
("Buyer"). .�
RECITALS
A Seller owls in fee simple that certain parcel of real property located in the City of
Oak Park Heights, County of Washington, State of Minnesota, legally described on Exhibit A
attached hereto (hereinafter referred to as the "Deal Property ").
B Subject to the terms and conditions herein, Seller desires to sell and Buyer desires
to purchase the heal Property-
NOW, THEREFORE, in consideration of the mutual covenants contained herein, Seller
and Buyer agree as follows:
1. PURCHASE AND SALE
1. 1. Pr�o.e
Subject to the terms and conditions hereof, Seller hereby agrees to sell, convey and assign
to Buyer, and Buyer hereby agrees to purchase and accept from Seller on the Closing Date (as
defined in Section 4. 1 below) the following (collectively, the "Property"').
(a) the Rent Property;
(b) all buildings and other improvements and fires located on the Deal. Proper
which are owned by Seiler, including without limitation that certain retail strip
mall located thereon consisting of approximately 14,731 square feet, including
any apparatus, equipment and appliances incorporated therein and used in
connection with the operation and occupancy thereof, such as heating and air
conditioning systems and facilities used to provide any utility service, ventilation,
or other services thereto (all of which are collectively referred to as the
"Imptovements ");
(c) all assignable or transferable intangible property, including, but not limited to:
(i) any guaranties, warranties (inc guaranties and warranties pertaining to
construction of the Improvements); (ii) all air rights relating to the Real Property
or the Improvements; (iii) assignable licenses (other than software licenses) and
othe governmental permits and permissions relating to the Real Property, the
Improvements and the operation thereof; and (iv) aany assignable contracts and
contract rights as set forth on Exhibit F attached hereto ("'Service Contracts ")
(with all of the foregoing hereinafter collectively referred to as the "'Intangible
Property "); and
1
08/23/2003 18:22 FAX 780 425 3980
IN WI'TN ES S WHEREO 5 the parties have exteuted thi' s Agreement as of the date First
set forth abo
SELLER.
SC MALL LL C,
a Minnesota limited liability company
By
Its:
By
IBS: 5ezxe
TIN #
X1004
Kul