New Distribution and Supply Chain Industrial Projects Continues Surge with 198 New Planned Projects for August 2023

SalesLeads announced today the August 2023 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 198 new projects in the Distribution and Supply Chain sector compared to 196 in July 2023.

The following are selected highlights on new Distribution Center and Warehouse construction news.

Distribution and Supply Chain - By Project Type

            Distribution/Fulfillment Centers - 27 New Projects

            Industrial Warehouse - 173 New Projects           

Distribution and Supply Chain- By Project Scope/Activity

            New Construction - 103 New Projects

            Expansion - 33 New Projects

            Renovations/Equipment Upgrades - 60 New Projects

            Closing - 6 New Projects

Distribution and Supply Chain - By Project Location (Top 5 States)

            Texas - 15

            Georgia - 13

            California - 12

            Florida - 11

            Indiana - 11

Largest Planned Project

During the month of August, our research team identified 10 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Maxeon Solar Technologies, who is planning to invest $1 billion for the construction of a 2-million sf manufacturing, warehouse. and office complex in ALBUQUERQUE, NM. Construction is expected to start in early 2024. 

Top 10 Tracked Distribution and Supply Chain Project Opportunities

Texas:

Beverage contract processing and packaging company is planning to invest $452 million for the construction of 2 processing and distribution facilities in FORT WORTH, TX. They are currently seeking approval for the project.

Ontario:

Trucking company is investing $250 million for the construction of a 1.1 million sf warehouse and maintenance facility in BRADFORD, ON. They are currently seeking approval for the project. Completion is slated for 2026.

Tennessee:

Global shipping company is planning to invest $220 million for the construction of a 1.3 million sf warehouse at 2776 Sprankel Ave. in MEMPHIS, TN. They are currently seeking approval for the project. Construction is expected to start in early 2024.

Washington:

Biotechnology company is investing $215 million for the construction of a 269,000 sf processing, warehouse, and office facility at 215 Shuksan Way in EVERETT, WA. Completion is slated for late 2024.

Kentucky:

Global logistics company is planning to invest $192 million for the expansion of their warehouse and maintenance hangar at CVG Airport in HEBRON, KY by 305,000 sf. They are currently seeking approval for the project.

Texas:

Industrial equipment supplier is planning to invest $180 million for the construction of a distribution and office facility at 4894 Litsey Rd. in FORT WORTH, TX. They are currently seeking approval for the project.

Pennsylvania:

Port Authority is planning to invest $100 million for the construction of a 277,000 sf warehouse facility at 3060 S. 61st St. in PHILADELPHIA, PA. The project includes the construction of a 175,000 sf cold storage facility at their terminal in PHILADELPHIA, PA. They are currently seeking approval for the project.

Rhode Island:

Airport Authority is planning to invest $100 million for the construction of a 131,000-square-foot terminal complex and cargo facility at their airport in WARWICK, RI. They are currently seeking approval for the project. They will relocate their operations upon completion.

Texas:

Waste recycling service provider is planning to invest $60 million for the construction of a 120,000 sf processing and warehouse facility in MCKINNEY, TX. They are currently seeking approval for the project. Completion is slated for 2026. 

Ohio:

Chemical supply chain service provider is planning to invest $50 million for the construction of a 122,000 sf warehouse at 3447 Clover Valley Rd. in JOHNSTOWN, OH. Construction is expected to start in early 2024, with completion slated for early 2025.

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:

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