In late January, we announced our intention to invest $85 million gross in our supply chain innovation over the next two years, specifically in our systems and our fulfillment centers. Today, we are sharing updates on this initiative.
We have accepted offers on our Longview and Las Colinas distribution facilities and intend to financially close on both deals this month. While these deals will be finalized this month, Longview will be operational through the 2021 holiday season and Las Colinas will stay open into fall 2022.
We intend to use the proceeds from these sales to reinvest in our supply chain, improving our speed to customer and speed of replenishment, adding additional capacity in key markets, and investing in technology that increases efficiency.
We are also investing in our Pinnacle Park facility in Dallas, TX to expand and transform the building. We also intend to move to a larger 500,000 sq. ft. distribution facility within the same industrial park as the current East Coast Distribution Facility in Pittston, PA in 2022. These facility expansions move us from being Texas-centric and will better align our fulfillment needs for both digital demand and our stores.
Associates affected by the eventual closing of the Longview and Las Colinas facilities will be eligible for severance. Additionally, as we expand Pinnacle Park, we anticipate opportunities for some of our existing associates at Las Colinas and Longview to transfer.
These multi-year improvements we are making to our supply chain will allow us to better serve our customers on our journey to become the preeminent luxury customer platform.