The March 2023 results for the new planned capital project spending report for the Distribution and Supply Chain industry by IMI SalesLeads confirms 198 new projects in March as compared to 166 in February in the sector.

The firm tracks North American planned industrial capital project activity including facility expansions, new plant construction, and significant equipment modernization projects.

Out of the 198 projects, 172 are for industrial warehouses and 26 for distribution/fulfillment centers. Out of these, 116 are in new construction, 42 expansions, 45 renovations/equipment upgrades, and 2 closings.

Texas takes the lead with 22 projects, and then New York with 18. Florida is looking at 13 new projects; California has 12; and Ohio will see 11 new projects begin.

The report shows 10 new distribution and supply chain facility construction projects with an estimated value of $100 million or more.

The largest is by Radford Studio Center, which is planning to invest $1 billion for a 1 million-sq-ft expansion, renovations, and equipment upgrades on its warehouse, soundstage, and broadcast facility in Studio City, CA. Radford Studio Center is currently seeking approval for the project.

Top 10 Projects

Georgia: A production studio is planning to invest $700 million for the construction of a 3 million-sq-ft studio complex in Chattahoochie Hills, GA. The studio is currently seeking approval for the project.

Illinois: A pharmaceutical company is planning to invest $320 million for the construction of a warehouse, laboratory, and office complex in Des Plaines, IL. The company is currently seeking approval for the project.

New York: A global online retailer is planning to invest $204 million for the construction of a 925,000-sq-ft distribution center in Wawayand, NY. The retailer is currently seeking approval for the project. Construction is expected to start late this spring, with completion expected in late 2025.

Rhode Island: A federal agency is planning to invest $150 million for the construction of a warehouse, storage, research, and office facility in Newport, RI. It has recently received approval for the project. They will relocate their operations upon completion.

Georgia: A membership-only grocery and retail chain is planning to invest $142 million for the construction of a distribution center in Lithia Springs, GA. The chain has recently received approval for the project.

Texas: A global electronics manufacturer is planning to invest $107 million for the construction of multiple warehouses totaling 230,000 square feet in Taylor, TX. The company is currently seeking approval for the project. Completion is slated for spring 2024.

Tennessee: An online restaurant supply retailer is planning to invest $104 million for the renovation and equipment upgrades on a 980,000-sq-ft distribution center in Lebanon, TN. The company is currently seeking approval for the project. Completion is expected in late 2023.

South Carolina: A beverage distribution company is planning to invest $80 million for the construction of a distribution center in West Columbia, SC. It is currently seeking approval for the project and will relocate operations upon completion.

Indiana: Beverage distributor is planning to invest $73 million for the construction of a 450,000-sq-ft distribution facility in Indianapolis, IN. The distributor has received approval for the project and will relocate operations upon completion in late 2024.

Florida: Logistics service provider is planning to invest $50 million for the construction of a 500,000-sq-ft distribution center in Tampa, FL. It is currently seeking approval for the project.