Certified by U.S. Customs and Border Protection, bonded warehouses allow importers to delay paying duties until merchandise is sold or moved, which has made them highly sought-after during times of trade uncertainty. However, the surge in demand has nearly exhausted the supply.
Cargill, the largest privately-held corporation in the U.S. by revenue, has leased 70,000 square feet in Beacon Logistics Park– the new, Class A industrial park in Hialeah developed by Codina Partners and USAA Real Estate.