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  • Posted On Wednesday, April 03, 2024 by Evan Lamolinara

    Distromarch2024 (1)

    SalesLeads announced today the March 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 202 new projects in the Distribution and Supply Chain sector.

    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 - 176 New Projects          

    Distribution and Supply Chain- By Project Scope/Activity

                New Construction - 105 New Projects

                Expansion - 41 New Projects

                Renovations/Equipment Upgrades - 57 New Projects

                Closing - 5 New Projects

    Distribution and Supply Chain - By Project Location (Top 5 States)

                Texas - 18

                New York - 14

                California - 12

                Tennessee - 12

                Georgia - 10

    Largest Planned Project

    During the month of March, our research team identified 7 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Lonza Group, who is planning to invest $562 million for the renovation and equipment upgrades on a 427,000 sf processing, laboratory, warehouse, and office facility at 1000 New Horizons Way in VACAVILLE, CA. They are currently seeking approval for the project. 

    Top 10 Tracked Distribution and Supply Chain Project Opportunities

    Texas:

    Real estate development company is planning for the construction of a 40-million sf manufacturing and warehouse complex in ROCKDALE, TX. They are currently seeking approval for the project.

    British Columbia:

    Tribal authority is planning to invest $250 million for the construction of a 216,000 sf warehouse and film production studio in MILL BAY, BC. They are currently seeking approval for the project. Construction will occur in three phases, with the construction phase I expected to start in 2025.

    Texas:

    Aerospace company is expanding and planning to invest $100 million for the construction of a 330,000 sf office and warehouse facility at 52190 San Martin Blvd. in BROWNSVILLE, TX. They have recently received approval for the project. Completion is slated for early 2025.

    Arizona:

    Real estate development company is planning for the construction of a 2.5 million sf office, data, and warehouse campus at 21604 E Pecos Rd. in MESA, AZ. They are currently seeking approval for the project.

    Indiana:

    Seafood processor is planning to invest $89 million for the construction of a 110,000 sf processing and warehouse facility at 419 S. Mount Zion Rd. in LEBANON, IN. They have recently received approval for the project. Completion is slated for late 2025.

    Michigan:

    Healthcare service provider is planning to invest $80 million for the construction of a 296,000 sf warehouse, office, and service center at 300 36th St. in WYOMING, MI. They are currently seeking approval for the project.

    Tennessee:

    Electrical equipment mfr. is planning to invest $80 million for the renovation and equipment upgrades on a 638,000 sf manufacturing and distribution facility at 1500 Shoals Way in PORTLAND, TN. They are currently seeking approval for the project. They will relocate their operations upon completion.

    Virginia:

    Logistics service provider is planning to invest $78 million for the construction of a 245,000 sf warehouse facility in SUFFOLK, VA. They have recently received approval for the project.

    Tennessee:

    Ceramic products mfr. is planning to invest $72 million for the expansion of their manufacturing and warehouse facility in MT. PLEASANT, TN. They are currently seeking approval for the project.

     Ontario:

    Consumer products mfr. is planning to invest $50 million for the expansion and equipment upgrades on their manufacturing and warehouse facility in BRANTFORD, ON. 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, 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. Visit us at salesleadsinc.com.

    Each month, our team provides hundreds of industrial reports within a variety of industries, including:

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