MOUNT POCONO, PA. — Thousand Oaks, Calif.-based Silagi Development & Management has purchased the former Liz Claiborne apparel distribution facility in Mount Pocono. The 615,000-square-foot property is located on 80 acres in Mount Pocono Industrial Park. It is a short distance from interstates 80 and 380.
The distribution facility features 38-foot clear ceilings, 45-foot by 45-foot column spacing, 52 dock-high loading doors, three drive-in doors, rail access and 25,000 square feet of office space. Silagi purchased the property for $7.3 million. It plans to lease the facility as a logistics center. It will increase the number of truck doors in the near term.
Michael Treacy of Philadelphia-based Binswanger negotiated the deal. The seller’s name was not disclosed. The purchase is Silagi’s first in Pennsylvania.
— Coleman Wood