January 2024 starts out strong with 191 New Distribution and Supply Chain planned industrial projects
SalesLeads has announced the January 2024 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 191 new projects in the Distribution and Supply Chain sector as compared to 204 in December 2023.
The following are selected highlights on the new Distribution Center and Warehouse construction news.
Distribution and Supply Chain – By Project Type
- Distribution/Fulfillment Centers – 21 New Projects
- Industrial Warehouse – 172 New Projects
Distribution and Supply Chain- By Project Scope/Activity
- New Construction – 99 New Projects
- Expansion – 33 New Projects
- Renovations/Equipment Upgrades – 60 New Projects
- Closing – 7 New Projects
Distribution and Supply Chain – By Project Location (Top 5 States)
- Texas – 20
- New York – 16
- Florida – 15
- Wisconsin – 11
- Michigan – 10
Largest Planned Project
During January, our research team identified 6 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Pathways Alliance, which is planning to invest $17 billion in the construction of a carbon capture and storage facility in WOOD BUFFALO, AB. They are currently seeking approval for the project.
Top 10 Tracked Distribution and Supply Chain Project Opportunities
MASSACHUSETTS: Energy solutions company is planning to invest $170 million for the construction of a wind farm terminal and staging facility in SALEM, MA. They are currently seeking approval for the project. Construction is expected to start in 2024, with completion slated for 2026.
WISCONSIN: Corrugated packaging product mfr. is planning to invest $140 million for the construction of a 550,000 SF manufacturing and warehouse facility at 9423 Koessl Court in PLEASANT PRAIRIE, WI. Construction is expected to start in Spring 2024.
FLORIDA: Global retail chain is planning for the construction of a 1.8 million SF distribution center in PORT ST. LUCIE, FL. Construction will occur in 2 phases. They will relocate their operations from 5851 45th St. in WEST PALM BEACH, FL upon completion. The site allows for a future 208,000 SF addition.
IOWA: Public transportation authority is planning to invest $95 million for the construction of a warehouse, office, and maintenance facility on Vandalia Rd. in DES MOINES, IA. They are currently seeking approval for the project. Construction will occur in three phases, with completion of phase one slated for 2026.
ONTARIO: Food processing company is planning to invest $76 million for the expansion and equipment upgrades at their grain terminal at Port Windsor in WINDSOR, ON. They are currently seeking approval for the project.
TEXAS: Cold storage service provider is planning to invest $55 million for the construction of a 305,000 SF cold storage warehouse on Silent Valley Rd. in LOCKHART, TX. They are currently seeking approval for the project. Completion is slated for Spring 2025.
VIRGINIA: Logistics service provider is planning to invest $50 million for the renovation and equipment upgrades on a recently acquired 254,000 SF warehouse facility on Lee Hwy. in ROANOKE, VA. They are currently seeking approval for the project. Completion is slated for early 2025.
MICHIGAN: Global retail chain is planning to invest $42 million for the construction of a 158,000 SF warehouse facility in FLINT, MI. They are currently seeking approval for the project. Construction is expected to start in Spring 2024, with completion slated for late 2024.
TEXAS: Commercial airlines are planning to invest $38 million for the renovation and equipment upgrades on a 509,000 SF distribution center in HUMBLE, TX. They have recently received approval for the project.
CALIFORNIA: Fertilizer MFR. is planning to invest $30 million for the construction of a warehouse and processing facility in SANTA PAULA, CA. They are currently seeking approval for the project.
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.
