PROVIDENCE – Three former Benny’s locations will be occupied by Ocean State Job Lot, the Carpionato Group announced Wednesday.
The three locations in Warwick, Cranston and South Kingstown will feature “significant upgrades and improvements” to the locations, according to the developer.
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“Like Benny’s before it, Ocean State Job Lot is a Rhode Island institution where consumers know they can go to find quality merchandise they need at affordable prices,” said Kelly MacArthur Coates, president and CEO of Carpionato Group. “Our goals in purchasing these locations were to ensure they would remain a go-to neighborhood resource and would be positioned for long-term success. Ocean State Job Lot has a long track record of community investment and involvement, and we know that like Benny’s before them, they will provide services to these neighborhoods, jobs in these neighborhoods and pay real estate taxes in these three cities for many years to come.”
Carpionato Group will sell the Warwick location to Ocean State Job Lot. The company signed long-term leases for the Cranston and South Kingstown sites. Carpionato did not reveal the financial details of the sale or lease terms.
The Carpionato Group purchased 29 Benny’s locations in 2017, following the closing of the retail outlet.
“We are pleased to announce our deal with the Carpionato Group, and to be able to reopen three former Benny’s locations in Cranston, Warwick and Wakefield,” stated Marc Perlman, principal owner and CEO of Ocean State Job Lot, in prepared remarks. “We recently acquired seven former Toys ‘R’ Us locations throughout the Northeast, including in Pennsylvania, a new market for us. This agreement with the Carpionato Group will add a second convenient location in Cranston and will allow us to move two of our older locations in Wakefield and on Warwick Avenue in Warwick into improved new spaces. When we open formerly shutdown locations we try our best to hire those associates who have lost their jobs. We look forward to creating employment opportunities and offering a bigger, better, brighter shopping experience for our customers.”
The Cranston location is at 148 Atwood Ave., the Warwick location is at 1109 Warwick Ave. and the South Kingstown location is located at 688 Kingstown Road, South Kingstown.
Chris Bergenheim is the PBN web editor. Email him at Bergenheim@PBN.com.
