IMI SalesLeads announced today the April 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 167 new projects in the Distribution and Supply Chain sector, a decrease of 19% from the previous month.
The following are selected highlights on new Distribution Center and Warehouse construction news.
Distribution and Supply Chain – By Project Type
- Distribution/Fulfillment Centers – 14 New Projects
- Industrial Warehouse – 153 New Projects
Distribution and Supply Chain- By Project Scope/Activity
- New Construction – 86 New Projects
- Expansion – 39 New Projects
- Renovations/Equipment Upgrades – 33 New Projects
- Closing – 8 New Projects
Distribution and Supply Chain – By Project Location (Top 5 States)
- Texas – 15
- California – 13
- Florida – 12
- New York – 9
- Pennsylvania – 9
Largest Planned Project
During the month of April, our research team identified 5 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more.
The largest project is owned by FedEx, which is investing $420 million for the construction of a warehouse facility in ROMULUS, MI. They will consolidate regional operations upon completion in early 2025.
Top 10 Tracked Distribution and Supply Chain Project Opportunities
OKLAHOMA: Aerospace component mfr. is planning to invest $255 million for the construction of an 845,000 sf warehouse, maintenance, and office facility in OKLAHOMA CITY, OK. They are currently seeking approval for the project.
CALIFORNIA: Production studio is planning for the construction of a 1.3 million sf warehouse, office, and soundstage complex in SANTA CLARITA, CA. They are currently seeking approval for the project.
MICHIGAN: Automotive component mfr. is planning to invest $100 million for the construction of a 280,000 sf manufacturing, warehouse, and office facility in AUBURN HILLS, MI. They are currently seeking approval for the project. Construction is expected to start in Summer 2023, with completion slated for late 2024.
OHIO: Poultry processing company is planning to invest $100 million for the construction of a 200,000 sf distribution facility on Seward Rd. in FAIRFIELD, OH. They are currently seeking approval for the project.
SOUTH CAROLINA: Electric material supplier is expanding and planning to invest $52 million for the renovation and equipment upgrades on a 247,000 sf warehouse at 1029 Colite Ave. in WEST COLUMBIA, SC. They will relocate their headquarter operations upon completion.
KANSAS: Footwear retailer is planning to invest $50 million for the construction of a 460,000 sf distribution center in KANSAS CITY, KS. Construction is expected to start Fall 2023.
TEXAS: Industrial equipment mfr. is planning to invest $45 million for the construction of an 83,000 sf warehouse at 19600 W State Hwy 29 in LIBERTY HILL, TX. Completion is slated for Spring 2025.
NEW YORK: Real estate development company is planning to invest $36 million for the construction of a 331,000 sf warehouse in NEW YORK, NY. They are currently seeking approval for the project. Construction is expected to start in Fall 2023.
ALABAMA: Aviation service provider is planning to invest $32 million for the construction of a 94,000 sf hangar, warehouse, and office complex at Birmingham-Shuttlesworth International Airport in BIRMINGHAM, AL. They are currently seeking approval for the project.
MANITOBA: Production studio is expanding and planning to invest $30 million for the construction of a 60,000 sf warehouse and soundstage in NIVERVILLE, MB. Construction will occur in 2 phases and is expected to start in Summer 2023, with completion slated for Summer 2024.
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.
