An iconic brewery that was seen by millions of travelers passing through Newark Liberty International Airport will soon be a memory of the Garden State, as a new logistics center is in the works for the former beer production facility.
CoStar was the first to report fresh details about the sale of the Anheuser-Busch brewery in Newark’s South Ward. The complex closed last year after a run that started in 1951.
When the company first opened its 3.2 million-square-foot facility, it came as the beverage industry in Newark reached its peak and employed thousands of blue-collar residents from Essex, Hudson, and Bergen counties. It was the second-largest Anheuser-Busch facility in the country outside of the company’s main brewery in St. Louis, Missouri, when it launched.
The beer-making giant has now closed on the $360 million sale of its brewery, offloading the property to Goodman North America Management of Irvine, California. The buyers paid $43.6 million for the roughly 75-year-old brewery’s buildings and about $317.4 million for the land they sit on, according to records…