STAFFORD, TX-The Palm Tree Group, a distributor of healthcare products, pays about $3.4 million for an office/warehouse in the Corporate Business Park. Come June 25, 38 employees, six from Miami, will open doors on the headquarters and distribution facility.

LAKE JACKSON, TX-Hinds Banner of Houston replaces short-term acquisition financing with a $2.6-million loan at a sub-5.4% interest rate. The collateral is a 28,650-sf shopping center with a 95% occupancy and seven national tenants.

BELLAIRE, TX-Interim Health Care of Sunrise, FL opens doors on a 3,178-sf office with a three-year lease while a local clinic will cut the ribbon July 15 on 2,863 sf in a five-year deal. The new deals push occupancy to 91% in the five-building park.

THE WOODLANDS, TX-Market Street's first retail keys will turn this summer for tenant finish-outs on the 250,000-sf launch. As a result, the developer's already looking ahead to a first quarter 2005 groundbreaking on the balance of the 493,509-sf project.

SUGAR LAND, TX-Tramontina USA is fast-tracking a construction project to add manufacturing capabilities to leased and owned locations in the region, which until now was limited to headquarters and distribution space.

HOUSTON-The consulate will open this summer in a 7,996-sf suite in Park Towers, a class A complex in the Galleria. The consul signs a five-year lease after searching the market for 2.5 years for the right location.

HOUSTON-Sterling Centrecorp US secures a $2.7-million loan to build a 7,500-sf building on a hard corner at Grand Parkway and Fry Road. The balance of the project, a 110,700-sf, grocery-anchored center, gets under way in early 2005.

HOUSTON-Breco International holds tight to a three-building complex at 601 McFarland St. in the southeast corridor. The supplier of diesel engines, a two-year tenant, signs another short-term renewal for the industrial property.