Anheuser-Busch Sells Brewery for $360 Million

An Anheuser-Busch brewery is seen Feb. 22, 2024, in Newark, New Jersey. (AP Photo/Seth Wenig)

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.

The Newark brewery, which dates back roughly 75 years, was known for its large neon flying eagle sign — a local landmark visible from nearby highways. The 15-ton structure was removed earlier this year and will be relocated to the company’s headquarters in St. Louis for preservation and display.

The sale reflects a broader shift in how large brewers are managing legacy production assets, particularly in urban areas where land values have surged and logistics demand continues to grow.

Goodman has followed a similar strategy in the region. In 2024, the firm acquired a former New York Daily News printing facility in Jersey City for $92 million, which it plans to convert into a distribution center.

The Newark site spans about 3.2 million square feet and sits in a city that was once a major hub for American brewing, home to historic producers such as P. Ballantine and G. Krueger Brewing.

The closure and sale underscore ongoing changes across the U.S. beer industry, where consolidation, shifting consumption patterns and supply chain priorities are reshaping both production footprints and real estate strategy.