SalesLeads announced today the August 2022 results for the new planned capital project spending report for the Distribution and Supply Chain industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 172 new projects in the Distribution and Supply Chain sector down from 156 in July.
The following are selected highlights on new Distribution Center and Warehouse construction news.
Distribution and Supply Chain - By Project Type
Distribution/Fulfillment Centers - 26 New Projects
Industrial Warehouse - 155 New Projects
Distribution and Supply Chain- By Project Scope/Activity
New Construction - 102 New Projects
Expansion - 28 New Projects
Renovations/Equipment Upgrades - 36 New Projects
Closing - 6 New Projects
Distribution and Supply Chain - By Project Location (Top 5 States)
California - 16
Florida - 13
Indiana - 12
Texas - 12
Washington - 10
Largest Planned Project
During the month of August, our research team identified 7 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Amazon, who is investing $550 million for the construction of a distribution center in BUFFALO, NY. They have recently received approval for the project.
Top 10 Tracked Distribution and Supply Chain Project Opportunities
Bitcoin mining company is planning to invest $500 million for the construction of a data center, manufacturing, warehouse, and office complex in NEKOMA, ND. They are currently seeking approval for the project.
Meat processing company is planning to invest $200 million for a 143,000 sf expansion, renovations, and equipment upgrades on their processing and warehouse facility in AMARILLO, TX. Construction is expected to begin in Fall 2022, with completion slated for 2024.
Motorsport company is planning to invest $200 million for the construction of a 575,000 sf warehouse, office, and maintenance facility in FISHERS, IN. Construction is expected to start in Fall 2022, with completion slated for 2025.
Logistics service provider is planning to invest $116 million for the construction of a 272,000 sf warehouse and distribution facility at 8730 Somers Rd. in JACKSONVILLE, FL. They are currently seeking approval for the project.
Beverage bottling company is investing $112 million for the construction of an 800,000 sf distribution and office facility at 2261 S US Hwy. 301 in TAMPA, FL. Construction has recently started and they will relocate their operations upon completion in Spring 2025.
Beverage company is investing $90 million and has recently started the construction of a 250,000 sf distribution center in WEST DUNDEE, IL. They will relocate their regional operations upon completion in 2024.
Foodservice equipment supplier is planning to invest $87 million for the construction of a distribution center at 54 Logistics Dr. in ELLABELL, GA. They are currently seeking approval for the project.
Production company is investing $75 million for the construction of a 300,000 sf studio complex on West Amador Avenue in LAS CRUCES, NM. They will relocate their headquarter operations upon completion.
University is planning to invest $55 million for the construction of a warehouse and storage facility in MINNEAPOLIS, MN. They have recently received approval for the project.
Pet products retailer is planning to invest $53 million for the renovation and equipment upgrades on a recently leased 535,000 sf distribution center in ORANGEBURG, SC. Completion is slated for early 2023.
About SalesLeads, Inc.
Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.