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  • Posted On Tuesday, February 06, 2024 by Vince Antoine

    Virginia

    SalesLeads announced today the CY2023 results for the new planned industrial capital project spending report for the state of VIRGINIA. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 284 new projects identified in VIRGINIA during 2023.

    The following are selected highlights on recent VIRGINIA industrial construction news and manufacturing capital projects.

    Planned Industrial Construction in VIRGINIA by Project Type:

              Manufacturing Facilities - 36 New Projects

              Processing Facilities - 33 New Projects

              Distribution and Industrial Warehouse - 42 New Projects

              Power/Energy/Oil and Gas - 10 New Projects

              Laboratory Facilities - 2 New Projects

              Mine - 1 New Project

              Data Center - 4 New Projects

    Planned Industrial Construction in VIRGINIA by Scope/Activity

              New Construction - 95 New Projects

              Expansion - 35 New Projects

              Renovations/Equipment Upgrades - 156 New Projects

              Relocations - 137 New Projects

              Plant Closing - 5 New Projects

    Opportunities - By Equipment Need

              Air Emissions Control Equipment - 70

              Compressed Air Systems - 133

              Control Systems and Instrumentation - 72

              Conveyors - 67

              Floor Coatings - 104

              Material Handling/Storage Equipment - 80

              Mechanical Construction - 132

              Packaging Equipment - 51

              Process Equipment - 27

              Tanks/Vessels - 27

    Largest Planned Industrial Construction Projects in VIRGINIA

    During the year 2023, our research team identified 11 industrial construction projects in VIRGINIA with an estimated value of $100 million or more.

    The largest project is owned by Amazon Web Services, who is planning to invest $35 billion for the construction of multiple data centers in VA.

    Top 10 Tracked Industrial Projects in VIRGINIA

    Lynchburg, VA

    Healthcare service provider is planning to invest $500 million for the renovation of their medical and office facilities in LYNCHBURG, VA. The project also includes the construction of new multiple medical and office facilities in LYNCHBURG, VA.

    Ashland, VA

    Healthcare service provider is planning to invest $380 million for the construction of a 160,000 sf hospital on Sliding Hill Road in ASHLAND, VA.

    Waynesboro, VA

    Aerospace and defense technology company is planning to invest $200 million for the construction of a 315,000 sf manufacturing facility on Shenandoah Village Dr. in WAYNESBORO, VA. Completion is slated for Summer 2025.

    Ridgeway, VA

    Glass mfr. is planning to invest $155 million for a 360,000 sf expansion of their manufacturing and distribution facility in RIDGEWAY, VA. Completion is slated for late 2025.

    Roanoke, VA

    Healthcare service provider is planning to invest $150 million for the construction of a medical office facility at 5 Riverside Circle SW in ROANOKE, VA. The project is in the early design phase.

    Midlothian, VA

    Healthcare service provider is planning to invest $108 million for the construction of a 90,000 sf medical and office facility at 13701 Bon Secours Dr. in MIDLOTHIAN, VA.

    Roanoke, VA

    Financial service provider is planning to invest $87 million for the renovation of their office facility at 7711 Plantation Rd. in ROANOKE, VA.

    South Boston, VA

    Specialty metal processing company is planning to invest $82 million for the expansion of their processing and warehouse facility in SOUTH BOSTON, VA.

    Williamsburg, VA

    University is planning to invest $80 million for the construction of a 41,000 sf laboratory and institutional facility on their campus in WILLIAMSBURG, VA. The project also includes the renovation of the existing 3,200 sf science center on their campus in WILLIAMSBURG, VA. Completion is slated for Summer 2025.

    Suffolk, VA

    Flooring, countertop, and wall tile distributor is planning to invest $62 million for the construction of a 548,000 sf distribution center at 2821 Holland Rd. in SUFFOLK, VA.

    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.

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

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