210 New Distribution and Supply Chain Planned Industrial Projects Start Q4 2023 with Familiar Q3 Results
Industrial SalesLeads announced the October 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 210 new projects in October, as compared to 212 in September.
The following are selected highlights on new Distribution Center and Warehouse construction news.
Distribution and Supply Chain – By Project Type
- Distribution/Fulfillment Centers – 24 New Projects
- Industrial Warehouse – 188 New Projects
Distribution and Supply Chain- By Project Scope/Activity
- New Construction – 106 New Projects
- Expansion – 51 New Projects
- Renovations/Equipment Upgrades – 52 New Projects
- Closing – 8 New Projects
Distribution and Supply Chain – By Project Location (Top 5 States)
- Texas – 17
- California – 14
- Florida – 14
- New York – 14
- Illinois – 13
Largest Planned Project
During the month of October, 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 Bauducco Foods, Inc., who is planning to invest $200 million for the construction of a 400,000 SF processing and distribution facility in ZEPHYRHILLS, FL. They are currently seeking approval for the project. Construction will occur in two phases, with completion slated for late 2024 and 2028 respectively.
Top 10 Tracked Distribution and Supply Chain Project Opportunities
OHIO: Battery recycling company is planning to invest $200 million for the expansion and equipment upgrades at their processing and warehouse facility in LANCASTER, OH. They have recently received approval for the project.
ILLINOIS: 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. They are currently seeking approval for the project. Construction will occur in 3 phases.
KENTUCKY: Snack food MFR. is planning to invest $137 million for the renovation and equipment upgrades on a 434,000 SF processing and distribution facility at 1391 Dixie Hwy. in LOUISVILLE, KY. They are currently seeking approval for the project. Completion is slated for Fall 2024.
ARKANSAS: Discount retail chain is planning to invest $100 million for the renovation and equipment upgrades on their 850,000 SF distribution center in WEST MEMPHIS, AR. Completion is slated for Fall 2024.
SOUTH CAROLINA: Beverage distributor is planning to invest $100 million for the expansion of their processing and distribution facility in MOORE, SC. They are currently seeking approval for the project. Completion is slated for 2027.
NEW YORK: Produce company is planning to invest $95 million for the construction of a 1.3 million sf warehouse and greenhouse facility at 5222 Junction Rd. in LOCKPORT, NY. They are currently seeking approval for the project.
WISCONSIN: Biotechnology company is planning to invest $85 million for the expansion of their processing, warehouse, and office facility at 8402 Excelsior Dr. in MADISON, WI. They are currently seeking approval for the project and will relocate a portion of their operations upon completion.
INDIANA: Restaurant chain is planning to invest $74 million for the construction of a processing and warehouse facility on Miami Trail in CHARLESTOWN, IN. They are currently seeking approval for the project. Completion is slated for 2025.
TENNESSEE: Biotechnology company is planning to invest $65 million for the expansion and equipment upgrades of their processing and warehouse facility in NASHVILLE, TN. They have recently received approval for the project.
ILLINOIS: Industrial components mfr. is planning to invest $50 million for a 200,000 SF expansion and equipment upgrades on their manufacturing, warehouse, and office facility in LAKE ZURICH, IL. 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. Visit us at salesleadsinc.com.
