 The mall is located less than a mile away from the Northshore Mall in Peabody, although both malls are primarily owned and managed by Simon Property Group.Since the 1980s, the Liberty Tree Mall has focused more on the discount end, whereas the Northshore Mall has focused on the mainstream/upscale end, thus enabling them to coexist semi-peacefully.Ann & Hope, one of the former anchor stores of the mall, opened in 1969 before the mall was completed.