Newmark Arranges $360M Sale of Former Anheuser-Busch Industrial Site in Newark, NJ to Goodman Group

Newmark Group, Inc. (Nasdaq: NMRK) has arranged the $360 million sale of Anheuser-Busch's former facility in Newark, New Jersey, to Goodman Group, a global industrial real estate owner and developer, the firm announced May 6, 2026.

The transaction, in which Newmark served as exclusive advisor to Anheuser-Busch, involves approximately 86 acres and more than 1.7 million square feet of existing structures. The deal is described by the firm as one of the largest industrial redevelopment opportunities in the New York metro area.

Strategic Location Drives Industrial Real Estate Value

The property's location underpins its appeal to industrial real estate investors. Situated adjacent to Newark Liberty International Airport and less than one mile from Port Newark and Port Elizabeth, the site offers direct access to the New Jersey Turnpike and I-78. The property also features existing rail access and falls within a dense consumer base, with more than 20 million residents within a 15-mile radius and over 150,000 transportation and warehouse workers within a 30-minute drive.

The parcel is zoned within the EWR/EWR-S districts, which support a broad range of uses including industrial, logistics, airport-related, data center, commercial, and hospitality uses.

"Few sites offer this level of scale, connectivity and zoning flexibility," said Adam Doneger, Executive Vice Chairman at Newmark, who acted as strategic advisor for Anheuser-Busch. "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."

Newmark Advisory Team and Transaction Structure

Newmark Executive Vice Chairman Adam Doneger and Executive Managing Director Adam Petrillo served as exclusive advisors to Anheuser-Busch in the transaction. Executive Managing Director Avery Silverstein, Co-Head of U.S. Capital Markets Adam Spies, and Vice Chairman Dustin Volz also provided strategic support on the deal.

The $360 million sale price implies a price of approximately $212 per square foot based on the 1.7 million square feet of existing structures. No financing terms or cap rate were disclosed.

Northern New Jersey Industrial Market Context

The transaction comes as Northern and Central New Jersey's industrial market has shown sustained strength entering 2026. According to Newmark Research, the region recorded its third consecutive quarter of positive net absorption in the first quarter of 2026, with vacancy declining to 6.3%. Demand remains concentrated in Class A logistics facilities, while sustained port activity continues to reinforce the region's position as a critical U.S. supply chain hub.

About the Firms

Newmark Group, Inc. is a commercial real estate advisory and services firm. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion and operated from over 185 offices with more than 9,600 professionals across four continents. Goodman Group is a global leader in industrial real estate ownership and development.