« Back to Blog
  • Posted On Monday, March 06, 2023 by Evan Lamolinara

    Foodfeb2023

    IMI SalesLeads announced today the February 2023 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 62 new projects in the Food and Beverage sector. A 25% increase in distribution and industrial warehouse projects reported from the previous month with California leading the way with 9 projects.

    The following are selected highlights on new Food and Beverage industry construction news.

    Food and Beverage Project Type

                Processing Facilities - 38 New Projects

                Distribution and Industrial Warehouse - 25 New Projects

    Food and Beverage Project Scope/Activity

                New Construction - 28 New Projects

                Expansion - 17 New Projects

                Renovations/Equipment Upgrades - 19 New Projects

                Plant Closing - 4 New Projects

    Food and Beverage Project Location (Top 10 States)

                California - 9

                Wisconsin - 5

                Texas - 4

                Michigan - 3

                New Jersey - 3

                Pennsylvania - 3

                Tennessee - 3

                Connecticut  - 2

                Florida - 2

                Indiana -  3                    

    Largest Planned Project

    During the month of February, our research team identified 2 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Rich Products Corporation, who is planning to invest $117 million for a 159,000 sf expansion and equipment upgrades on their processing facility in BROWNSVILLE, TX. They are currently seeking approval for the project.

    Top 10 Tracked Food and Beverage Projects

    PENNSYLVANIA:

    Grocery retail chain is planning for the construction of a 1.2 million sf distribution center in FAIRLESS HILLS, PA. They are currently seeking approval for the project.

    SOUTH CAROLINA:

    Poultry processing company is planning for the renovation and equipment upgrades on their processing facility in CASSATT, SC. They have recently received approval for the project.

    CALIFORNIA:

    Winery is planning to invest $22 million for the expansion of their warehouse in AMERICAN CANYON, CA by 217,000 sf. Construction is expected to start in Spring 2023.

    NORTH CAROLINA:

    Convenience store chain is planning for the construction of a 101,000 sf warehouse facility at 8335 W W.T.Harris Blvd. in CHARLOTTE, NC. They are currently seeking approval for the project.

    WISCONSIN:

    Non-profit farming company is planning for the construction of an 85,000 sf processing facility 716 W. Windlake Ave. in MILWAUKEE, WI. They are currently seeking approval for the project.

    WYOMING:

    Indoor farming company is planning for the construction of a 60,000 sf processing and research facility in LARAMIE, WY. They are currently seeking approval for the project. They will relocate a portion of their operations upon completion in early 2025.

     TENNESSEE:

    Beverage distributor is planning to invest $10 million for the renovation and equipment upgrades on a 45,000 sf processing and distribution facility at 1287 Mt. View Industrial Dr. in MORRISON, TN. They have recently received approval for the project.

    ARIZONA:

    Grocery retail chain is planning to invest $8.5 million for the construction of a 68,500 sf warehouse facility at 1107 W Alameda Dr. in TEMPE, AZ. They are currently seeking approval for the project.

    OKLAHOMA:

    Restaurant equipment wholesaler is planning to invest $5.6 million for the construction of a 50,000 sf cold storage facility at 4538 S Sheridan Rd. E in TULSA, OK. They are currently seeking approval for the project.

     FLORIDA:

    Brewery is planning for the construction of a 40,000 sf production, storage, and office facility in MINNEOLA, FL. They are currently seeking approval for the project.

     

    About IMI SalesLeads, Inc.

    Since 1959, IMI 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. Visit us at salesleadsinc.com.

    Each month, our team provides hundreds of industrial reports within a variety of industries, including:

What to learn more? Get in Touch

Latest Posts