|The Apple Tree Mall in Londonderry, NH is getting a new look! Vernet Properties out of Salem, Massachusetts, purchased the Apple Tree Mall and has big plans to improve it. Jewett Construction is working on transforming the 195,000 square- foot mall, which rests on over 20 acres of land.
The project involves facade, roof, and asphalt work as well as updating signage, landscaping and connecting to town sewerage. When asked what his company found attractive about this property, Vernet explained that there is good value in it. “We typically purchase things that we call value add properties, and then we keep them long-term to add value to them,” he said. “We did that with the Raymond Shopping Center, and we plan on doing the same thing here.”