SalesLeads announced the July 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 196 new projects in the Distribution and Supply Chain sector compared to 180 in June and 158 in May 2023.
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 – 172 New Projects
Distribution and Supply Chain- By Project Scope/Activity
- New Construction – 110 New Projects
- Expansion – 44 New Projects
- Renovations/Equipment Upgrades – 39 New Projects
- Closing – 6 New Projects
Distribution and Supply Chain – By Project Location (Top 5 States)
- Florida – 19
- Texas – 17
- Georgia – 9
- New York – 9
- Illinois – 8
Largest Planned Project
During the month of July, 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 Magna International Inc., who is planning to invest $790 million for the construction of two manufacturing and warehouse facilities totaling 940,000 sf in STANTON, TN. The project includes the construction of a 400,000 SF manufacturing facility in LAWRENCEBURG, TN. Completion is slated for 2025.
Top 10 Tracked Distribution and Supply Chain Project Opportunities
TEXAS: Tissue paper MFR. is planning to invest $400 million for the construction of a manufacturing and warehouse facility on Gene Campbell Rd. in NEW CANEY, TX. They are currently seeking approval for the project. They will relocate their operations upon completion.
ILLINOIS: 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.
SOUTH DAKOTA: Industrial supplies mfr. is planning to invest $158 million for a 200,000 SF expansion of their manufacturing and warehouse facility in BROOKINGS, SD. They are currently seeking approval for the project.
KENTUCKY: Startup distillery is planning to invest $144 million for the construction of a production and warehouse facility in MOREHEAD, KY. They are currently seeking approval for the project.
FLORIDA: Global online retailer is planning to invest $120 million for the construction of a 100,000 SF warehouse and satellite processing facility at Kennedy Space Center in MERRITT ISLAND, FL. Completion is slated for late 2024.
MISSOURI: Food service distributor is planning to invest $117 million for the construction of a 350,000 SF distribution facility at 5321 Hern Ave. in ST. LOUIS, MO. They are currently seeking approval for the project. They will relocate their operations upon completion.
INDIANA: Global retail chain is planning to invest $108 million for the expansion and equipment upgrades on their distribution center in SEYMOUR, IN. Construction is expected to start in late 2023, with completion slated for 2024.
OHIO: Beverage company is planning to invest $100 million for the construction of a 400,000 SF distribution center at 1489 Rohr Rd. in COLUMBUS, OH. They are currently seeking approval for the project. They will relocate regional operations upon completion in Spring 2025.
GEORGIA: Cold storage service provider is planning to invest $66 million for the construction of a 268,000 SF warehouse and office facility at 3875 Cornelia Hwy. in LULA, GA. They are currently seeking approval for the project.
FLORIDA: Electric power equipment mfr. is planning to invest $50 million for the construction of a 302,000 SF manufacturing and warehouse facility on Jericho Road in CRESTVIEW, FL. They are currently seeking approval for the project. Construction is expected to start in late 2023, with completion slated for 2027.
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.
