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Posted On Monday, February 05, 2024 by Vince Antoine

Illinois

SalesLeads announced today the CY2023 results for the new planned industrial capital project spending report for the state of ILLINOIS. The Firm tracks North American planned industrial capital project activity; including facility expansions, newlant construction and significant equipment modernization projects. Research confirms 368 new projects identified in ILLINOIS during 2023.

The following are selected highlights on recent ILLINOIS industrial construction news and manufacturing capital projects.

Planned Industrial Construction in ILLINOIS by Project Type:

            Manufacturing Facilities - 41 New Projects

            Processing Facilities - 35 New Projects

            Distribution and Industrial Warehouse - 81 New Projects

            Power/Energy/Oil and Gas - 6 New Projects

            Laboratory Facilities - 10 New Projects

            Data Center - 2 New Projects                  

Planned Industrial Construction in ILLINOIS by Scope/Activity

            New Construction - 76 New Projects

            Expansion - 50 New Projects

            Renovations/Equipment Upgrades - 186 New Projects

            Relocations - 185 New Projects

            Plant Closing - 13 New Projects

Opportunities - By Equipment Need

            Air Emissions Control Equipment - 66 

            Compressed Air Systems - 146

            Control Systems and Instrumentation - 69

            Conveyors - 86

            Floor Coatings - 83

            Material Handling/Storage Equipment - 105

            Mechanical Construction - 137

            Packaging Equipment - 104

            Process Equipment - 46

            Tanks/Vessels - 20

Largest Planned Industrial Construction Projects in ILLINOIS

During the year 2023, our research team identified 16 industrial construction projects in ILLINOIS with an estimated value of $100 million or more.

The largest project is owned by Gotion, Inc., who is planning to invest $2 billion for the construction of an EV battery manufacturing facility in MANTENO, IL.

Top 10 Tracked Industrial Projects in ILLINOIS

Dekalb, IL

Food and beverage company is planning to invest $400 million for the construction of a 775,000 sf distribution center in DEKALB, IL. They are currently seeking approval for the project. Completion is slated for 2025.

Des Plaines, IL

Pharmaceutical company is planning to invest $320 million for the construction of a warehouse, laboratory, and office complex in DES PLAINES, IL.

Chicago, IL

Real estate firm is planning to invest $257 million for the construction of a 200,000 sf data center in CHICAGO, IL. Completion is slated for 2024.Chicago, IL

Non-profit organization is planning to invest $250 million for the construction of a biotechnology research complex in CHICAGO, IL.

Montgomery, IL

Plastic resin mfr. is planning to invest $180 million for the construction of a 1.3 million sf warehouse complex on Orchard Road in MONTGOMERY, IL. Construction will occur in 3 phases.

Chicago, IL

Public transport authority is planning to invest $158 million for the construction of a 150,000 sf office and training center on Pulaski Ave. in CHICAGO, IL. Construction is expected to start in Spring 2024, with completion slated for Spring 2026.

Glenview, IL

Cultivated meat producer is planning to invest $140 million for the construction of a 187,000 sf processing and laboratory facility in GLENVIEW, IL.

Aurora, IL

Foodservice company is planning to invest $103 million for the construction of a 407,000 sf processing facility at 2810 Duke Pkwy. in AURORA, IL. 

Peoria, IL

Eyewear mfr. is planning to invest $80 million for the construction of a 150,000 sf manufacturing, warehouse, laboratory, and office facility on Allen Lane in PEORIA, IL. Completion is slated for late 2025.

Mount Vernon, IL

Plastic products mfr. is planning to invest $54 million for the construction of an 85,000 sf manufacturing facility in MOUNT VERNON, IL. Completion is slated for Fall 2025.

About Industrial SalesLeads, Inc.

Since 1959, Industrial 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 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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