In 2012, the University of Rhode Island College of Pharmacy moved into its new home, the five-story, 144,000 square-foot building on the Kingston campus. The $75 million facility supports leading-edge teaching, research, and service activities and features three interconnected buildings with a medicinal garden.

In October 2017, the building was dedicted as "Paramaz Avedisian ’54 Hall," in honor of Paramaz Avedisian (1931–1996).  Avedisian was a proud pharmacist and humanitarian who graduated summa cum laude from the Rhode Island College of Pharmacy in 1954, garnering four of the six prizes awarded for excellence in academic achievement by major pharmaceutical companies. Avedisian was the owner of Wheaton Pharmacy, an independent pharmacy in Washington, D.C., for more than 30 years.

The new facility has allowed the University to accept more students into its six-year doctor of pharmacy program, its graduate programs and its new four-year bachelor’s program in pharmaceutical sciences.