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Released July 01, 2016 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The Sunshine State is seeing a boom in distribution warehouse projects. One key the growth in Florida is the work of central county economic development organizations, whose job is to recruit new businesses as well as retain and expand the existing ones. Such organizations promote a personal relationship with companies and help guide them through the process of setting up, relieving them of some bureaucratic red tape. Industrial Info is tracking 29 active warehouse projects in the state, with a total investment value of nearly $1.07 billion.
Walmart Stores Incorporated (NYSE:WMT) (Bentonville, Arkansas) is building two distribution centers for a total of $206.8 million: To be located in the Majestic I-4 Distribution Center Park in Davenport and completed this fall, one of the Walmart distributions centers will have 1.2 million square feet and the other will have 1 million square feet. The centers will create more than 1,000 new jobs in Florida, which currently has a 4.7% rate of unemployment, according to the Bureau of Labor Statics.
FedEx Ground Package System (NYSE:FDX) (Memphis, Tennessee) is building a $175 million, 383,161-square-foot distribution center on 150 acres in Ocala and another $51 million distribution Center with 300,000 square feet in Davenport. Both of these projects will finish construction this year. The warehouses will create over 500 new jobs in areas that were hit with 14.1% unemployment in the recent recession, according to Construction Equipment Guide.
Brennan Investment Group LLC (Rosemont, Illinois) is constructing the 605,920-square-foot Warehouse Building One as part of a three-building, $100-million investment on 112 acres in Lakeland. Named the CenterState Logistics Park, it will be built in two phases. As leasing for Building One is filled out, construction will consecutively start on the other two.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Walmart Stores Incorporated (NYSE:WMT) (Bentonville, Arkansas) is building two distribution centers for a total of $206.8 million: To be located in the Majestic I-4 Distribution Center Park in Davenport and completed this fall, one of the Walmart distributions centers will have 1.2 million square feet and the other will have 1 million square feet. The centers will create more than 1,000 new jobs in Florida, which currently has a 4.7% rate of unemployment, according to the Bureau of Labor Statics.
FedEx Ground Package System (NYSE:FDX) (Memphis, Tennessee) is building a $175 million, 383,161-square-foot distribution center on 150 acres in Ocala and another $51 million distribution Center with 300,000 square feet in Davenport. Both of these projects will finish construction this year. The warehouses will create over 500 new jobs in areas that were hit with 14.1% unemployment in the recent recession, according to Construction Equipment Guide.
Brennan Investment Group LLC (Rosemont, Illinois) is constructing the 605,920-square-foot Warehouse Building One as part of a three-building, $100-million investment on 112 acres in Lakeland. Named the CenterState Logistics Park, it will be built in two phases. As leasing for Building One is filled out, construction will consecutively start on the other two.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
