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Shannon Hondl Of Goodman Group Acquires Development Site In Newark For $360 Million

Property Image
SOLD
$360,000,000
Adam Petrillo
Dustin Volz
Marcella Fasulo
+ 6

New Jersey

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Development Site
Sold 05/06/2026
the dealplayerscompscontact
Property Image
SOLD

Shannon Hondl Of Goodman Group Acquires Development Site In Newark For $360 Million

200 Us Route 1

See Similar Deals
Development Site
Sold 05/06/2026
Adam Petrillo
Dustin Volz
Marcella Fasulo
+ 6
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Transaction Type:Sale

The property involved in the transaction is a development site located at 200 US Route 1 in Newark. The recorded sale price of the asset is $360,000,000.

Summary of transaction details:

The transaction involved key representatives from both the buyer and seller sides, with Shannon Hondl representing Goodman Group and Brendan Whitworth representing Anheuser Busch. The deal was brokered by a team from Newmark, including eight individuals who played a pivotal role in facilitating the transaction.

Players

Adam Doneger
Newmark
Adam Doneger
189 deals$50B volume(516) 317-7837
BROKER
Avery Silverstein
Newmark
Avery Silverstein
64 deals$14.8B volume(212) 850-5432
BROKER
Adam Spies
Newmark
Adam Spies
263 deals$71.8B volume(212) 841-7500
BROKER
Douglas (Doug) Harmon
Newmark
Douglas Harmon
128 deals$47.3B volume
BROKER
Joshua King
Newmark
Joshua King
114 deals$32.5B volume(212) 850-5427
BROKER
Marcella Fasulo
Newmark
Marcella Fasulo
93 deals$25.7B volume
BROKER
Dustin Volz
Newmark
Dustin Volz
49 deals$432.2M volume(972) 322-5671
BROKER
Adam Petrillo
Newmark
Adam Petrillo
2 deals$360M volume
BROKER
Kyle Ebert
Newmark
Kyle Ebert
2 deals$485.3M volume(212) 655-0992
BROKER

Details

SOLD
IMAGE: Adam Spies, Dustin Volz, Adam Doneger, Joshua King, Brendan Whitworth, Doug Harmon, Shannon Hondl, Kyle Ebert, Avery Silverstein, Marcella Fasulo & Adam Petrillo DATE: 05/06/2026 ADDRESS: 200 US Route 1 MARKET: Newark ASSET TYPE: Development Site BUYER: Shannon Hondl - Goodman Group SELLER: Brendan Whitworth - Anheuser Busch (@AnheuserBusch) BROKERS: Adam Spies, Doug Harmon, Adam Doneger (@ADoneger), Joshua King (@JoshAdamKing), Marcella Fasulo (@MMFasulo), Avery Silverstein (@Avery.Morgan810), Adam Petrillo, Dustin Volz & Kyle Ebert - Newmark (@Newmark) SALE PRICE: $360,000,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$19,200,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,279,003.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,706,583.66
Annual Debt Service$20,479,003.96