SalesLeads announced today the January 2021 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 168 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 - 57 New Projects
Industrial Warehouse - 136 New Projects
Distribution and Supply Chain- By Project Scope/Activity
New Construction - 84 New Projects
Expansion - 27 New Projects
Renovations/Equipment Upgrades - 61 New Projects
Closing - 0 New Projects
Distribution and Supply Chain - By Project Location(Top 5 States)
Texas - 15
Florida - 15
Georgia - 10
New York - 10
California - 9
Largest Planned Project
During the month of 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 Northpoint Development, who is planning to invest $1 billion for the construction of a 10 million sf warehouse and distribution complex at 1 Ben Fairless Dr. in MORRISVILLE, PA. They are currently seeking approval for the project.
Top 10 Tracked Distribution and Supply Chain Project Opportunities
Texas:
Global retail chain is planning to invest $800 million for the construction of two distribution centers totaling 2 million sf in LANCASTER, TX. They have recently received approval for the project.
California:
E-commerce retailer is planning for the renovation and equipment upgrades on a recently leased 1 million sf distribution center at 9180 Alabama Ave. in REDLANDS, CA.
New York:
Production equipment rental service provider is considering investing $300 million for the construction of a warehouse, office, and production studio in MILL BAY, BC. Watch SalesLeads for updates.
Kentucky:
Airport authority is planning to invest $100 million for the construction of a 323,000 sf storage, warehouse, and distribution facility at 2430 Outer Loop Road in LOUISVILLE, KY. They are currently seeking approval for the project.
Arizona:
Grocery retail chain is planning to invest $89 million for the construction of a 223,000 sf warehouse and distribution facility in PHOENIX, AZ. They are currently seeking approval for the project.
Texas:
Semiconductor components mfr. is planning to invest $75 million for the construction of a 725,000 sf warehouse and office facility at 9700 US Highway 290E in AUSTIN, TX. Completion is slated for early 2022.
Georgia:
Home goods mfr. is planning to invest $45 million for the construction of a 275,000 sf warehouse and manufacturing facility in WINDER, GA. They have recently received approval for the project. Construction is expected to start in late 2021.
Minnesota:
Real estate development company is planning to invest $31 million for the construction of a 170,000 sf refrigerated warehouse and distribution facility in ALBERT LEA, MN. Construction is expected to start in Spring 2021, with completion slated for late 2021.
Michigan:
Global online retailer is planning for the construction of an 823,000 sf distribution center in DETROIT, MI. They are also planning for the construction of an additional four distribution centers in HAZEL PARK, HURON TOWNSHIP, PLYMOUTH, and PONTIAC, MI. They are currently seeking approval for the project.
Ohio:
Fabric and craft retailer is planning for the construction of an 800,000 sf distribution center in WEST JEFFERSON, OH. They have recently received approval for the project. Completion is slated for 2022.
Since 1959, SalesLeads, based out of Jacksonville, FL has been providing Industrial Project Reports on companies that are planning significant capital investments in their industrial facilities throughout North America. Our professional research team identifies new construction, expansion, relocation, major renovation, equipment upgrades, and plant closing project opportunities so that our clients can focus sales and marketing resources on the target accounts that have an impending need for their products, services, and indirect materials.
Each month, our team provides hundreds of industrial reports within a variety of industries, including: