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  • Posted On Monday, November 04, 2024 by Evan Lamolinara

    Distro Oct24

    Industrial SalesLeads has released its October 2024 report on new planned capital project spending in the Distribution and Supply Chain industry. This report monitors North American industrial capital project activity, encompassing facility expansions, new plant constructions, and major equipment modernization projects. According to the latest data, October saw a slight uptick with 195 new projects identified, up from 188 in September. This increase highlights ongoing investment in distribution and supply chain infrastructure, suggesting a positive trend for industrial growth and modernization in the industrial sector.

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

    Distribution and Supply Chain - By Project Type

              Distribution/Fulfillment Centers - 20 New Projects

              Industrial Warehouse - 177 New Projects

    Distribution and Supply Chain- By Project Scope/Activity

              New Construction - 83 New Projects

              Expansion - 38 New Projects

              Renovations/Equipment Upgrades - 79 New Projects

              Closing - 8 New Projects

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

              Illinois - 17

              Texas - 17

              California - 14

              Georgia - 12

              Florida - 10

    Largest Planned Project

    During the month of October, our research team identified 7 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more. 

    The largest project is owned by Aspen Aerogels Inc., who is investing $871 million for the construction of a manufacturing and warehouse complex at 400 Rocky Rd. in REGISTER, GA. Completion slated for 2027.

     Top 10 Tracked Distribution and Supply Chain Project Opportunities

    California:

    Educational institution is planning to invest $405 million for the construction of an institutional campus in PALM SPRINGS, CA. They are also planning to invest $38 million for the construction of a 26,000 sf institutional, warehouse, and storage facility in CATHEDRAL CITY, CA.

    Florida:

    Commercial airline is planning to invest $300 million for the construction of a 354,000 sf warehouse, maintenance, and office complex in ORLANDO, FL. The project includes the renovation of their existing hangar at the site. They will consolidate their regional operations upon completion.

    Texas:

    Plastic recycling company is planning to invest $145 million for the construction of a processing and warehouse facility in HOOKS, TX. They are currently seeking approval for the project. Construction is expected to start in Summer 2025.

    Arizona:

    Battery casing mfr. is planning for the renovation and equipment upgrades on a recently leased 530,000 sf manufacturing, warehouse, and office facility on Cotton Lane in GOODYEAR, AZ. They are currently seeking approval for the project.

    Minnesota:

    State transportation authority is planning to invest $86 million for the construction of a 175,000 sf warehouse, office, and maintenance campus at 101 Hoover Road N. in VIRGINIA, MN. They are currently seeking approval for the project. Completion is slated for late 2027.

    Texas:

    Aerospace company is planning to invest $70 million for the construction of a hangar and maintenance facility at Perot Field Alliance Airport in FORT WORTH, TX. Completion is slated for 2027. The project includes the renovation of an existing hangar at the site, with completion slated for Spring 2025.

    Virginia:

    Dairy products mfr. is planning to invest $59 million for an 81,000 sf expansion and equipment upgrades on their processing and warehouse facility at 318 Mill Pl. Pkwy. in VERONA, VA. They have recently received approval for the project. Completion is slated for Fall 2025.

    Indiana:

    Sporting equipment retailer is planning to invest $47 million for the construction of a 260,000 sf distribution center at 1321 Opportunity Pkwy. in GREENFIELD, IN. They have recently received approval for the project.

    Iowa:

    Food processing company is planning to invest $45 million for a 24,000 sf expansion, renovations, and equipment upgrades on their processing and warehouse facility at 1300 S. Lake St. in CHEROKEE, IA. They have recently received approval for the project. Completion is slated for early 2026.

    Tennessee:
    Logistics service provider is planning to invest $40 million for the construction of a distribution facility in JEFFERSON CITY, TN. They are currently seeking approval for the project.

     

    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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