HUMBLE, TX-Cole Real Estate Investments has purchased Atascocita Commons, a 306,890-square-foot power center, for $56.5 million in an all-cash transaction. The Phoenix-based company acquired the four-year-old property from the developer, Trammell Crow Co.

Located at 7061 FM 1960 East, Atascocita Commons is strategically located at the area’s key retail intersection and serves the upscale master-planned communities of Kingwood, Atascocita and Eagle Springs.

Shadow anchored by a 177,387 square-foot separately owned Super Target, Atascocita Commons is 99% occupied by national and regional tenants. It is anchored by Kohl’s, TJ Maxx/HomeGoods, Palais Royal, Ross Dress for Less, Office Depot and Petco. Other tenants include: Charming Charlie, Dress Barn, Famous Footwear, Panera Bread, Amegy Bank, Which Wich, Medifast, Comerica Bank, Sears, Mattress Firm, AT&T, Zales, Mission Burrito and Johnny Carino’s.