New Distribution and Supply Chain Industrial Projects Surge to 246 in June 2024

Industrial SalesLeads announced today the June 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 246 new projects in June as compared to 186 in May and 110 in April.

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

Distribution and Supply Chain - By Project Type

          Distribution/Fulfillment Centers - 15 New Projects

          Industrial Warehouse - 231 New Projects         

Distribution and Supply Chain- By Project Scope/Activity

          New Construction - 142 New Projects

          Expansion - 37 New Projects

          Renovations/Equipment Upgrades - 65 New Projects

          Closing - 5 New Projects

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

          Texas - 22

          California - 20

          Florida - 15

          New York - 14

          Georgia - 13

Largest Planned Project

During the month of June, our research team identified 8 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more. 

The largest project is owned by Ross Stores Inc., who is planning to invest $450 million for the construction of a 1.7 million sf distribution center in RANDLEMAN, NC. They have recently received approval for the project.

Top 10 Tracked Distribution and Supply Chain Project Opportunities 

Florida:

Beverage company is planning to invest $420 million for the construction of a 1.4 million sf processing and distribution facility at 3935 Intermodal Dr. in WINTER HAVEN, FL. They are currently seeking approval for the project.

New Jersey:

Oil and gas transportation service provider is planning for the construction of a 972,000 sf warehouse and logistics complex at 577 Smith St. in PERTH AMBOY, NJ. They are currently seeking approval for the project.

California:

Dairy company is planning for the construction of a 730,000 sf processing, warehouse, and office campus on Lacey Blvd. in HANFORD, CA. They are currently seeking approval for the project. They will relocate a portion of their operations upon completion.

Missouri:

Global online retailer is planning for the construction of a 630,000 sf distribution center on Winan Ave. in KANSAS CITY, MO. They are currently seeking approval for the project. Completion is slated for 2026.

Florida:

State agency is planning to invest $116 million for the renovation and equipment upgrades on a 461,000 sf warehouse, cold storage, and office facility in AUBURNDALE, FL. They are currently seeking approval for the project.

Missouri:

Pharmaceutical and medical supply company is planning to invest $108 million for the construction of a 307,000 sf distribution center on 48th St. S in KANSAS CITY, MO. They are currently seeking approval for the project.

New York:

Pharmaceutical company is planning to invest $106 million for a 43,000 sf expansion, renovations, and equipment upgrades on their processing and warehouse facility in ROCHESTER, NY. They are currently seeking approval for the project.

Virginia:

HVAC equipment mfr. is planning to invest $57 million for the renovation and equipment upgrades on a 400,000 sf manufacturing and warehouse facility at 1410 Willis Rd. in RICHMOND, VA. They have recently received approval for the project. Completion is slated for early 2025.

Ohio:

Logistics and supply chain service provider is planning to invest $50 million for the construction of a 250,000 sf cold storage warehouse in CLEVELAND, OH. They are currently seeking approval for the project.

North Carolina:

Specialty food processing company is planning to invest $35 million for the construction of a processing and warehouse facility in GOLDSBORO, NC. They are currently seeking approval for the project. Completion is slated for late 2025.

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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