U.S. Rep. Mario Diaz-Balart of Miami joined PriceSmart President and CEO Jose Luis Laparte for a ribbon-cutting ceremony Tuesday for PriceSmart’s new distribution center in Miami-Dade County. PriceSmart is the largest operator of membership warehouse clubs in Central America, the Caribbean and Colombia.
The 325,000-square-foot Class A facility, at 11441 NW 107th St. in Flagler Station in Medley, will serve 75 warehouse clubs across its retail network in Latin America. The state-of-the-art facility will house 125 loading positions and provide parking for more than 100 trailers, and the expansion and new interior configurations will allow PriceSmart to more effectively serve its fast-growing Latin American consumer base, the company said.
“We are excited to expand our footprint in South Florida, and this brand-new facility is another example of our commitment to this market and how we can leverage its prime location as the bridge to the Americas, to foster growth and development of our business,” Laparte said.
Although PriceSmart has no storefronts in the United States, the company is a leading Miami exporter and maintains a workforce of more than 200 employees in its Miami distribution facilities. More than $1 billion in merchandise sold by PriceSmart is sourced in the United States and moves via more than 20,000 maritime containers annually, the San Diego, California-based company said.
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In addition to the new building, PriceSmart has retained approximately 102,000 square feet of space from its previously occupied leased building also in Medley, and will continue to operate a recently expanded refrigerated and frozen distribution facility. The publicly traded warehouse chain runs stores similar to Costco or Sam’s Club in a dozen countries.