One of the largest industrial redevelopment opportunities in the New York metropolitan area has changed hands in a deal signaling continued high demand for New Jersey’s logistics corridor.
Newmark Group, Inc. announced Wednesday that it has advised Anheuser-Busch in the $360 million sale of its massive former facility in Newark to Goodman Group, a global leader in industrial property development.
The 86-acre site, which currently houses more than 1.7 million square feet of structures, is positioned to become a cornerstone of Northern New Jersey’s industrial infrastructure.
Located in the heart of Newark’s industrial zone, the property is uniquely situated for global commerce. It sits adjacent to Newark Liberty International Airport and less than one mile from the crucial shipping hubs of Port Newark and Port Elizabeth.
“Few sites offer this level of scale, connectivity, and zoning flexibility,” Adam Doneger, Newmark executive vice chairman, who served as a strategic advisor on the deal, said. “These characteristics… position it to support the next generation of industrial and infrastructure users.”
The site’s EWR/EWR-S zoning allows for a diverse range of high-value uses, including:
- Modern logistics and distribution centers
- Data centers
- Airport-related services
- Commercial and hospitality developments
The transaction comes as New Jersey’s industrial market enters 2026 with significant tailwinds. According to Newmark Research, the region recently recorded its third consecutive quarter of positive net absorption, with vacancy rates tightening to 6.3%.
The Newark property is particularly attractive due to its proximity to a massive labor pool and consumer base. Over 20 million residents live within a 15-mile radius of the site, and the surrounding area boasts a workforce of more than 150,000 transportation and warehouse professionals.
The deal was facilitated by a high-level team at Newmark, including Executive Vice Chairman Adam Doneger and Executive Managing Director Adam Petrillo, with additional support from Avery Silverstein, Adam Spies and Dustin Volz.
For Goodman Group, the acquisition secures a rare, large-scale footprint in one of the most supply-constrained logistics corridors in the United States. With existing rail access and direct links to the New Jersey Turnpike and I-78, the redevelopment is expected to play a vital role in the state’s ongoing economic evolution as a premier U.S. supply chain hub.
