Newmark Advises $360M Sale of 86-Acre Newark Industrial Site to Goodman
Newmark served as exclusive advisor to Anheuser-Busch on the $360 million sale of an 86-acre, 1.7 million square-foot industrial site in Newark, New Jersey, to Goodman Group. The EWR/EWR-S zoned property features rail access, airport proximity and major logistics connectivity, positioning it for industrial redevelopment.
1. Transaction Details
Newmark served as exclusive advisor to Anheuser-Busch on the $360 million sale of its former Newark facility to Goodman Group, coordinating the deal from valuation through closing.
2. Property Features
The 86-acre property comprises over 1.7 million square feet of existing structures, sits within EWR/EWR-S zoning districts and includes rail access, proximity to Newark Liberty International Airport and direct highway connections.
3. Market Context
Northern and central New Jersey industrial market entered 2026 with three straight quarters of positive net absorption and vacancy at 6.3%, driven by sustained port activity and strong demand for Class A logistics space.
4. Strategic Impact
This transaction reinforces Newmark's leading role in industrial capital markets and could boost fee revenues given robust logistics demand.