REAL ESTATE PURCHASE AGREEMENT
This Real Estate Purchase Agreement ("Agreement") is entered into by PDI St. Lucie I Limited Partnership, an
Ohio limited partnership ("Seller"), and RRC Acquisitions, Inc. ("Buyer"). The "Effective Date" of this Agreement
will be the date on which both Seller and Buyer have executed this Agreement. For the parties' convenience in
reviewing this Agreement, all defined terms used in this Agreement will be highlighted by boldface print when first
defined in this Agreement.
Seller and Buyer hereby agree as follows:
ss.1. SALE OF THE PROPERTY. Upon the terms and subject to the conditions set forth in this Agreement,
Seller will sell to Buyer all of Seller's right, title and interest in and to the following described property. All
references herein to the "Land", "Improvements", "Personal Property", "Leases" and "Intangible Property" will
have the meanings attributed to such terms in this ss.1.
(a) Land. The approximately 31.5 acre tract of land located off of U.S. I in Port St. Lucie, Florida, which tract is
more particularly described in Exhibit A, together with all rights and interests appurtenant thereto, including
without limitation, all water and mineral rights, development rights, easements and rights-of-way.
(b) Improvements. All buildings and other improvements located on the Land, including, without limitation, the
shopping center buildings, which contain approximately 235,842 square feet of rentable space, and which are
collectively known as the "Eastport Plaza Shopping Center", together with all parking areas and other site and
accessory improvements located on the Land and all systems, facilities and fixtures located within such shopping
(c) Personal Property. All tools, machinery, appliances, fixtures (to the extent not part of the Improvements),
floor and window coverings, furnishings, signs, equipment, inventory, supplies and tangible personal property
owned by Seller and used in connection with the operation of and located o