“Boston Med Device International and Coastal International Logistics (CIL Forwarding) Expand into South Florida, Miami Free Zone”
“From Dominican Republic, Europe and the United States via Miami to the World”
[Aldo Wrves of CIL Forwarding with Edison Vasquez, Chris Spear & Ed Redlich of ComReal Miami]
Boston Med Device International (BMD) has chosen Miami, South Florida for their most recent expansion. They have leased 25,000 sq. ft. of warehouse space in Miami and associated office space at the Miami Free Zone located at 2305 NW 107th Avenue in the City of Doral, Florida. The Miami warehouse space will be storing medical devices distributed across Latin America by Boston Med Device International; a Boston based specialized medical device company with direct operations in all major countries of Latin America. These products will be brought in from various international source plant locations like the Dominican Republic, the United States and Europe, and be consolidated in the Miami Free Zone. Products will then be shipped directly to all countries of Latin America via air cargo flights and ocean container service from the Ports of South Florida and the Miami International Airport. Since the Miami warehouse is within a foreign trade zone, U.S. tariffs will not be levied on goods that will be shipped abroad.
CIL Forwarding will be BMD’s operator of the warehouse. CIL is a logistics and forwarding company based in Jacksonville, Florida. They service both air and ocean freight shipments around the world with their network of warehouse facilities. Chris Hood of CIL states that “BMD is exactly the type of client we enjoy servicing. BMD will require precise warehousing and operational processes to meet the various Latin American destinations specific requirements. We are very excited about serving and developing expertises for BMD in the Miami foreign trade zone and beyond.”
CIL was co-represented by brokers Edward Redlich, SIOR, Christopher Spear and Edison Vasquez of ComReal Miami, Inc. and Jeff Graham, SIOR of King Industrial Realty / CORFAC International. Both Redlich and Graham are members of the elite Society of Industrial & Office Realtors (SIOR).
“When Coastal International Logistics, on behalf of BMD, first contacted us about expanding into South Florida, we immediately prepared two Site Selections for available warehouse spaces from 20,000 to 30,000 sq. ft. We ultimately presented them with over sixty warehouse spaces in both Miami-Dade and Broward Counties.” recalls Ed Redlich. “The deciding factors for the warehouse space at the Miami Free Zone were the foreign trade zone status, quality of the space, and the flexibility of future expansions.”
Cargo Ventures, owns and operates the Miami Free Zone, a 850,000 sq. ft. facility. (Visit www.MiamiFreeZone.com). Jake Citrin, President of Cargo Ventures said “we are thrilled to have BMD and CIL join over 60 other companies at the Miami Free Zone who are benefiting from operating in one of the largest general purpose foreign trade zones in the country.”
For more information on this transaction and the Miami industrial market in general, please contact Edward Redlich, SIOR, CCIM at 786-433-2379 or visit www.ComRealWarehouses.com. Additional contact information below:
Mr. Erich Roht, President/CEO
Boston Medical Device, Inc.
Boston Med Device International, LLC
Corporate Phone: 781-319-7771