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  • Posted On Thursday, January 04, 2024 by Evan Lamolinara

    Fooddec23

    SalesLeads announced today the December 2023 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 67 new projects as compared to 61 in November in the Food and Beverage sector.

    The following are selected highlights on new Food and Beverage industry construction news.

    Food and Beverage Project Type

              Processing Facilities - 46 New Projects

              Distribution and Industrial Warehouse - 26 New Projects         

    Food and Beverage Project Scope/Activity

              New Construction - 22 New Projects

              Expansion - 27 New Projects

              Renovations/Equipment Upgrades - 28 New Projects

              Plant Closing - 3 New Projects

    Food and Beverage Project Location (Top 10 States)

              New York - 10

              California - 6

              Ohio - 6

              Connecticut - 4

              Florida - 3

              Kentucky - 3

              Nebraska - 3

              Tennessee - 3

              Texas - 3

              Wisconsin - 3             

    Largest Planned Project

    During the month of December, our research team identified 7 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Plant Agricultural Systems, who is planning to invest $750 million for the construction of an 8 million sf growing and processing hydroponics farm in SANDERSON, FL. They have recently received approval for the project. Construction is expected to start in early 2024.

    Top 10 Tracked Food and Beverage Projects

    WISCONSIN:

    Agricultural co-operative is planning to invest $700 million for the construction of a process, storage, and warehouse complex in EVANSVILLE, WI. They are currently seeking approval for the project. Construction is expected to start in Spring 2024, with completion slated for 2026.

    NEBRASKA:

    Soybean processor is planning to invest $285 million for the construction of a processing facility in HERSHEY, NE. They are currently seeking approval for the project.

    WISCONSIN:

    Convenience store chain is planning to invest $151 million for equipment upgrades on their processing facility in LA CROSSE, WI. The project includes the renovation of a recently acquired 66,000 sf office facility in ONALASKA, WI and the construction of a distribution center at a to-be-determined location.

    MASSACHUSETTS:

    Foodservice distributor is planning to invest $31 million for the expansion of their distribution center in SPRINGFIELD, MA by 117,000 sf. They are currently seeking approval for the project.

    MINNESOTA:

    Grocery and retail chain is expanding and has recently agreed to pre-lease a 365,000 sf distribution center at 7400 Hentges Way in SHAKOPEE, MN. Completion is slated for Spring 2024.

    OHIO:

    Brewery is planning for the construction of a 200,000 sf production and warehouse facility at 34925 Chester Rd. in AVON, OH. They are currently seeking approval for the project. They will relocate their operations upon completion.

    TEXAS:

    Beverage company is planning to invest for the expansion of their processing and warehouse facility at 5651 Alliance Gateway Fwy in FORT WORTH, TX by 199,000 sf. They are currently seeking approval for the project. Construction is expected to start in Spring 2024, with completion slated for early 2025. 

    CALIFORNIA:

    Farming company is planning for the construction of a 40,000 sf warehouse in MORGAN HILL, CA. They are currently seeking approval for the project. Construction is expected to start in late 2025, with completion slated for Fall 2026.

    ILLINOIS:

    Bakery is planning for the renovation and equipment upgrades on a recently acquired 30,000 sf processing facility at 1250 Pratt Blvd. in ELK GROVE VILLAGE, IL. They are currently seeking approval for the project.

    NEW BRUNSWICK:

    Seafood processing company is planning for equipment upgrades on their processing facility at 1 Fundy Bay Drive in ST. GEORGE, NB. Completion is slated for Spring 2024. 

    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:

    Data Centers

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