New Distribution and Supply Chain Planned Industrial Project Drops for November 2023 to Below June Levels
Industrial SalesLeads announced the November 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 175 new projects in the Distribution and Supply Chain sector as compared to 210 in October.
The following are selected highlights on new Distribution Center and Warehouse construction news.
Distribution and Supply Chain – By Project Type
- Distribution/Fulfillment Centers – 19 New Projects
- Industrial Warehouse – 158 New Projects
Distribution and Supply Chain- By Project Scope/Activity
- New Construction – 88 New Projects
- Expansion – 30 New Projects
- Renovations/Equipment Upgrades – 51 New Projects
- Closing – 8 New Projects
Distribution and Supply Chain – By Project Location (Top 5 States)
- Texas – 16
- California – 13
- Florida – 13
- Illinois – 10
- Pennsylvania – 9
Largest Planned Project
During the month of November, our research team identified 1 new Distribution and Supply Chain facility construction project with an estimated value of $100 million or more.
The largest project is owned by Nucor Corporation, who is planning to invest $280 million for the expansion and equipment upgrades on their manufacturing and warehouse facility in TUSCALOOSA, AL. They have recently received approval for the project. Completion is slated for Summer 2027.
Top 10 Tracked Distribution and Supply Chain Project Opportunities
VIRGINIA: Specialty metal processing company is planning to invest $82 million for the expansion of their processing and warehouse facility in SOUTH BOSTON, VA. They have recently received approval for the project.
ILLINOIS: 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. They have recently received approval for the project. Completion is slated for late 2025.
SOUTH CAROLINA: Corrugated packaging products MFR. is planning to invest $68 million for the renovation and equipment upgrades on a 259,000 SF manufacturing and warehouse facility at 1105 Scotts Bridge Rd. in ANDERSON, SC. They have recently received approval for the project.
VIRGINIA: Logistics service provider is planning to invest $60 million for the expansion of their distribution and warehouse center in NORFOLK, VA by 450,000 SF. They have recently received approval for the project.
CALIFORNIA: Airport authority is planning to invest $40 million for the construction of a 521,000 SF warehouse and office facility at 1497 S Commerce Pw in ONTARIO, CA. They are currently seeking approval for the project.
TENNESSEE: Logistics service provider is planning to invest $38 million for the construction of an 85,000 SF warehouse facility in KNOXVILLE, TN. They are currently seeking approval for the project.
NEW YORK: Automotive MFR. is planning to invest $30 million for the construction of a distribution center in FISHKILL, NY. They will relocate their MANSFIELD, MA operations upon completion in 2025.
WISCONSIN: Construction equipment MFR. is planning to invest $30 million for the renovation and equipment upgrades on their manufacturing facility in MENOMONEE FALLS, WI. The project includes the construction of a 100,000 SF warehouse at the site. They are currently seeking approval for the project.
ARIZONA: OEM parts supplier is planning for the renovation and equipment upgrades on a 420,000 SF distribution center in GLENDALE, AZ. Completion is slated for late 2024.
GEORGIA: Auto parts supplier is planning for the construction of a 205,000 SF warehouse at 3351 Gateway Centre Pkwy in GAINESVILLE, GA. 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
