Anheuser-Busch has completed the $360 million sale of its longtime brewery site near Newark Liberty International Airport, marking the end of an era for one of New Jersey’s most recognizable beer facilities, CoStar News reported.
The 87-acre property in Newark was acquired by Goodman North America Management, which plans to redevelop the site into a logistics and manufacturing hub. According to public filings, the buyer paid approximately $43.6 million for the brewery buildings and $317.4 million for the underlying land.
The deal follows Anheuser-Busch’s December announcement that it would close three U.S. breweries, including the Newark facility. The company had previously confirmed a sale agreement with Goodman but did not disclose financial terms at the time…