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  • Posted On Monday, March 06, 2023 by Evan Lamolinara

    Distrofeb2023

    IMI SalesLeads announced today the February 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 a total of 166 new projects in the Distribution and Supply Chain sector. A 10% increase in new construction projects reported from the previous month with Texas leading the way with 16 projects.

    The following are selected highlights on new Distribution Center and Warehouse construction news.

    Distribution and Supply Chain - By Project Type

                Distribution/Fulfillment Centers - 16 New Projects

                Industrial Warehouse - 153 New Projects

    Distribution and Supply Chain- By Project Scope/Activity

                New Construction - 95 New Projects

                Expansion - 35 New Projects

                Renovations/Equipment Upgrades - 35 New Projects

                Closing - 4 New Projects

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

                Texas - 16

                Wisconsin - 11

                California - 9

                Ohio - 9

                Iowa - 8           

    Largest Planned Project

    During the month of February, our research team identified 3 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Graphic Packaging International, LLC, who is planning to invest $1 billion for the construction of a 640,000 sf paperboard recycling facility in WACO, TX. Construction is expected to start in Spring 2023, with completion slated for 2026.

     Top 10 Tracked Distribution and Supply Chain Project Opportunities

    New York:

    Film and TV production company is planning to invest $400 million for the construction of a 330,000 sf studio and warehouse complex at 744 Clinton St. in BROOKLYN, NY. They are currently seeking approval for the project.

    South Carolina:

    Home appliance mfr. is planning to invest $50 million for the renovation and equipment upgrades on a recently leased 584,800 sf distribution center in GREENVILLE, SC. Completion is slated for early 2024.

    Maine:

    Federal agency is planning to invest $33 million for the construction of a warehouse, maintenance, and office facility at Acadia National Park in ACADIA, ME. Construction is expected to start in Spring 2023, with completion slated for Fall 2024.

    Wisconsin:

    Shipping and packaging supplies distributor is planning for the construction of a 1.4 million sf distribution center on their campus in KENOSHA, WI. They are currently seeking approval for the project. Construction is expected to start in late 2023.

    Pennsylvania:

    Grocery retail chain is planning for the construction of a 1.2 million sf distribution center in FAIRLESS HILLS, PA. They are currently seeking approval for the project.

    Texas:

    Medical apparel and footwear company is planning for the renovation and equipment upgrades on a recently leased 1 million sf distribution center in DALLAS, TX. They will consolidate their operations upon completion.

    Missouri:

    Logistics service provider is planning for the construction of two warehouses totaling 800,000 sf at 11601 N Congress Ave. in KANSAS CITY, MO. They are currently seeking approval for the project.

     North Carolina:

    Transportation and logistics service provider is planning for the renovation and equipment upgrades on a recently leased 402,000 sf distribution facility at 4023 Maddux Ct. in GREENSBORO, NC.

    North Hampshire:

    Apparel retailer is planning for the renovation and equipment upgrades on a recently leased 378,000 sf warehouse, manufacturing, and office facility at 48 Friars Dr. in HUDSON, NH. They will consolidate their operations upon completion.

     Kentucky:

    Logistics service provider is planning for the renovation and equipment upgrades on a 200,000 sf warehouse at 4293 Winston Ave. in COVINGTON, KY.

     

    About IMI SalesLeads, Inc.

    Since 1959, IMI 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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