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It’s high time to pour one out for the Anheuser-Busch brewery in Newark. The Anheuser-Busch InBev subsidiary sold its facility at 200 Route 1 in the New Jersey city for $361 million, CoStar reported. Most of that purchase price is linked to the land beneath the property, as only $43.6 million went towards buying the brewery’s buildings. The buyer was Irvine, California-based Goodman North America Management. The deal for the site was announced by the seller in December, but the price wasn’t immediately clear. The site spans 87 acres and 3.2 million square feet. The deal breaks down to $112.81 […]

This article originally appeared on The Real Deal. Click here to read the full story.

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