Business View Magazine | June 2019

316 BUSINESS VIEW MAGAZINE JUNE 2019 many of its tenants. Last July, it was purchased by developer George Vernet, owner of Vernet Properties of Salem, Massachusetts. “He’s put a lot of work into the mall,” says Smith. “He put in a new parking lot, fixed the roof, changed the façade – really giving it a big face lift so that it becomes attractive again. Part of the reason why someone would want to invest in a mall like that in Londonderry is because we’re a fast-growing community with a lot of new development coming in and so, it was advantageous for him to take advantage of that.” A third ongoing project concerns commercial and industrial development near the Manchester- Boston Regional Airport, which sits in the Town of Londonderry and is the largest airport in New Hampshire. “There’s a significant amount of land around the airport that is developable and has recently started to ‘take’ in the last three to five years,” says Smith. “We’ve had close to two million square feet of new development, mostly distribution warehouses by some pretty big companies - Pratt & Whitney, UPS, FedEx,