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340 Waterman Ave

5,400 - 215,400 SF of Industrial Space Available in Smithfield, RI 02917

Highlights

  • 340 Waterman Ave offers office and industrial space in the former Benny's headquarters building in Smithfield, Rhode Island.
  • The property can accommodate large users with efficient floorplans and historic character with vaulted ceilings and generous window lines.
  • Walkable to War Memorial Park, fitness, dining, and retail amenities including Cumberland Farms, Coach's Pub and Papa's Roast Beef and Pizza.
  • Take advantage of easy access to I-295, Route 44, and Downtown Providence, plus ample free parking on site.

Features

Drive In Bays
1
Exterior Dock Doors
11

all available spaces(6)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 1st Floor - Building B
  • 40,000 SF
  • Negotiable
  • $8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $28,440 CAD/MO $341,280 CAD/YR
  • Industrial
  • Full Build-Out
  • Now
  • Lease rate does not include utilities, property expenses or building services
  • Ample parking on site
  • Can be combined with additional space(s) for up to 75,000 SF of adjacent space
  • 1st Floor - Building C
  • 35,000 SF
  • Negotiable
  • $8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $24,885 CAD/MO $298,620 CAD/YR
  • Industrial
  • Full Build-Out
  • 2025-04-01
  • Lease rate does not include utilities, property expenses or building services
  • Can be combined with additional space(s) for up to 75,000 SF of adjacent space
  • 1st Floor - Building D
  • 20,000 SF
  • Negotiable
  • $8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $14,220 CAD/MO $170,640 CAD/YR
  • Industrial
  • Full Build-Out
  • Now
  • Lease rate does not include utilities, property expenses or building services
  • 1st Floor - Building F
  • 5,400 SF
  • Negotiable
  • $8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $3,839 CAD/MO $46,073 CAD/YR
  • Industrial
  • Full Build-Out
  • Now
  • Lease rate does not include utilities, property expenses or building services
  • 1st Floor - Building I
  • 75,000 SF
  • Negotiable
  • $8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $53,325 CAD/MO $639,900 CAD/YR
  • Industrial
  • Full Build-Out
  • Now
  • Lease rate does not include utilities, property expenses or building services
  • 2nd Floor - Building E
  • 40,000 SF
  • Negotiable
  • $8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $28,440 CAD/MO $341,280 CAD/YR
  • Industrial
  • Full Build-Out
  • 2025-04-01
  • Lease rate does not include utilities, property expenses or building services
  • Ample parking on site
Space Size Term Rental Rate Space Use Condition Available
1st Floor - Building B 40,000 SF Negotiable $8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $28,440 CAD/MO $341,280 CAD/YR Industrial Full Build-Out Now
1st Floor - Building C 35,000 SF Negotiable $8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $24,885 CAD/MO $298,620 CAD/YR Industrial Full Build-Out 2025-04-01
1st Floor - Building D 20,000 SF Negotiable $8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $14,220 CAD/MO $170,640 CAD/YR Industrial Full Build-Out Now
1st Floor - Building F 5,400 SF Negotiable $8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $3,839 CAD/MO $46,073 CAD/YR Industrial Full Build-Out Now
1st Floor - Building I 75,000 SF Negotiable $8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $53,325 CAD/MO $639,900 CAD/YR Industrial Full Build-Out Now
2nd Floor - Building E 40,000 SF Negotiable $8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $28,440 CAD/MO $341,280 CAD/YR Industrial Full Build-Out 2025-04-01

1st Floor - Building B

Size
40,000 SF
Term
Negotiable
Rental Rate
$8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $28,440 CAD/MO $341,280 CAD/YR
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Floor - Building C

Size
35,000 SF
Term
Negotiable
Rental Rate
$8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $24,885 CAD/MO $298,620 CAD/YR
Space Use
Industrial
Condition
Full Build-Out
Available
2025-04-01

1st Floor - Building D

Size
20,000 SF
Term
Negotiable
Rental Rate
$8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $14,220 CAD/MO $170,640 CAD/YR
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Floor - Building F

Size
5,400 SF
Term
Negotiable
Rental Rate
$8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $3,839 CAD/MO $46,073 CAD/YR
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Floor - Building I

Size
75,000 SF
Term
Negotiable
Rental Rate
$8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $53,325 CAD/MO $639,900 CAD/YR
Space Use
Industrial
Condition
Full Build-Out
Available
Now

2nd Floor - Building E

Size
40,000 SF
Term
Negotiable
Rental Rate
$8.53 CAD/SF/YR $0.71 CAD/SF/MO $91.84 CAD/m²/YR $7.65 CAD/m²/MO $28,440 CAD/MO $341,280 CAD/YR
Space Use
Industrial
Condition
Full Build-Out
Available
2025-04-01

1st Floor - Building B

Size 40,000 SF
Term Negotiable
Rental Rate $8.53 CAD/SF/YR
Space Use Industrial
Condition Full Build-Out
Available Now

  • Lease rate does not include utilities, property expenses or building services
  • Can be combined with additional space(s) for up to 75,000 SF of adjacent space
  • Ample parking on site

1st Floor - Building C

Size 35,000 SF
Term Negotiable
Rental Rate $8.53 CAD/SF/YR
Space Use Industrial
Condition Full Build-Out
Available 2025-04-01

  • Lease rate does not include utilities, property expenses or building services
  • Can be combined with additional space(s) for up to 75,000 SF of adjacent space

1st Floor - Building D

Size 20,000 SF
Term Negotiable
Rental Rate $8.53 CAD/SF/YR
Space Use Industrial
Condition Full Build-Out
Available Now

  • Lease rate does not include utilities, property expenses or building services

1st Floor - Building F

Size 5,400 SF
Term Negotiable
Rental Rate $8.53 CAD/SF/YR
Space Use Industrial
Condition Full Build-Out
Available Now

  • Lease rate does not include utilities, property expenses or building services

1st Floor - Building I

Size 75,000 SF
Term Negotiable
Rental Rate $8.53 CAD/SF/YR
Space Use Industrial
Condition Full Build-Out
Available Now

  • Lease rate does not include utilities, property expenses or building services

2nd Floor - Building E

Size 40,000 SF
Term Negotiable
Rental Rate $8.53 CAD/SF/YR
Space Use Industrial
Condition Full Build-Out
Available 2025-04-01

  • Lease rate does not include utilities, property expenses or building services
  • Ample parking on site

Property Overview

340 Waterman Ave is a historic renovation of the former Benny's headquarters, also known as the Esmond Mills, near the North Providence town line. The project includes over 612,000 square feet of industrial and office space on 28.53 acres. Built in 1906 by former owner William H. Pope, the Esmond Mills has remained in working order. It previously operated as a textile mill, producing blankets and Bunny Esmond, the mill's official mascot featured in his books. Esmond Mills ceased operations in 1948 when Mine Safety took over the mill. Benny's founder Benjamin Bromberg purchased the property in 1965, transforming it into Benny's corporate headquarters. Benny's announced the closure of all 31 stores, including the headquarters, in September of 2017 after 93 years in business. This well-appointed restoration exhibits the character and charm of the former mill's historic industrial architecture while also boasting modern upgrades in technology and amenities. Some of the many features in the buildings include vaulted ceilings, efficient floor plans, free parking, and windows with spectacular lines and copious volumes of natural light. Industrial users will find amenities onsite, including loading docks and dedicated office spaces. Office users may discover a corporate headquarters opportunity with up to 157,530 square feet of contiguous space across multiple buildings. Commuting is a breeze with ample onsite parking, multiple access points throughout the development, and easy access to I-295, Route 44, and Downtown Providence. There's nothing quite like the changing leaves in Smithfield with its densely wooded streets and historic charm. This Rhode Island gem makes residents feel like they're in the countryside while still providing access to modern conveniences such as restaurants and shopping centers. Enjoy the outdoor beauty that makes Smithfield unique with its lakes, ponds, hiking trails, and community parks. Home to Bryant University, Smithfield offers a quaint college town vibe and a collection of small businesses.

Warehouse FACILITY FACTS

Building Size
435,369 SF
Lot Size
7.00 AC
Year Built
1906
Construction
Masonry
Sprinkler System
Wet
Zoning
LI

Attachments

Site overview

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Boston
694,583
50
1 h 7 m
New York
8,398,748
174
3 h 48 m
Philadelphia
1,584,138
269
5 h 36 m
Baltimore
602,495
367
7 h 30 m
Washington
702,455
402
8 h 17 m
Virginia Beach
450,189
526
11 h 12 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
661,166
Total Labor Force
350,873
Unemployment Rate
3.32%
Median Household Income
$68,873
Warehouse Employees
53,176
High School Education Or Higher
87.40%
$ values in USD
  • Listing ID: 24927962

  • Date on Market: 2024-04-09

  • Last Updated:

  • Address: 340 Waterman Ave, Smithfield, RI 02917

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