The Real Deal Miami

Beacon Lakes eyed as possible foreign trade zone

Prologis is petitioning the county to grant industrial park special tax status
August 27, 2014 04:30PM

Beacon Lakes

Beacon Lakes

Prologis is petitioning Miami-Dade County to make its Beacon Lakes Industrial Park a foreign trade zone.

The trade zone would mean that merchandise housed there is no longer subject to customs duties and other ad valorem taxes, according to the South Florida Business Journal.

Miami-Dade already has about 2.5 million square feet of warehouses within foreign trade zone areas.

If the trade zone is approved, Beacon Lakes would become the fourth magnet site in the county. The other sites are PortMiami, Flagler Logistics Hub and Flagler Station. [SFBJ] Christopher Cameron