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The basics:

• Anheuser-Busch sells longtime Newark brewery for $361M
• Goodman Group plans industrial redevelopment at 86-acre site near Newark airport
• Closure marked one of three across the US amid broader production strategy
• Brewery closures affected 475 employees nationwide

Anheuser-Busch has closed the $361 million sale of its longtime brewery in Newark.

California-based Goodman Group acquired the 3.2 million-square foot property. Now it plans to redevelop the site for industrial manufacturing and logistics uses.

Commercial real estate advisor Newmark Group Inc. announced the deal in a May 6 press release.

However, CoStar reported May 1 that the transaction was finalized in March. According to the outlet, the industrial real estate developer paid $43.6 million for the roughly 75-year-old brewery’s buildings and about $317.4 million for the land they sit on.

In a statement, Newmark described the property as “one of the largest industrial redevelopment opportunities in the New York metro area.” The firm served as exclusive advisors to Anheuser-Busch in the sale.

The 86-acre property falls within the EWR (Airport) and EWR-S (Airport Support) zoning districts. The location supports “a wide range of industrial, logistics, airport-related, data center, commercial and hospitality uses,” Newmark said.

Next round

Newmark Executive Vice Chairman Adam Doneger commented, “Few sites offer this level of scale, connectivity and zoning flexibility. These characteristics, combined with its location within one of the nation’s most critical logistics corridors, position it to support the next generation of industrial and infrastructure users.”

Few sites offer this level of scale, connectivity and zoning flexibility.
– Adam Doneger, Newmark executive vice chairman

In December 2025, the St. Louis-based beer giant announced it would shutter the site along with two other breweries across the U.S. At the time, the company said the property along Route 1 was being sold to Goodman Group but did not disclose the purchase price. The move came as part of a broader strategy to optimize production.

Following the closures in New Jersey, California and New Hampshire, the company shifted operations from those three plants to other facilities. Anheuser-Busch noted it has also invested nearly $2 billion in its 100 locations nationwide to update and modernize operations.

Former Anheuser-Busch brewery site:

The local site sits across from Newark Liberty International Airport. It was the second oldest of Anheuser-Busch’s U.S. facilities. Brands brewed there included Budweiser, Bud Light, Busch Light, Natural Light and Rolling Rock.

Preserving jobs, history

The company said it would offer the 475 employees at the impacted facilities the opportunity to take roles elsewhere in its U.S. operations or receive severance.

In January, the iconic 15-ton eagle sign that stood on top of the Newark brewery for decades was removed. Anheuser-Busch transported the emblem to the company’s St. Louis headquarters for display.

The Newark property isn’t the only local project Goodman has in the works. The firm also purchased the former New York Daily News printing plant in Jersey City two years ago for $94 million and is converting the site into a distribution center.