The Challenge
When the MacKenzie Team met with the CEO of InterAct Accessories, Inc., a company specializing in the manufacturing of video game consoles, it was apparent that the company was experiencing rapid growth.  The CEO was interested in creating a setting that would become InterAct’s international headquarters with a superior layout especially conducive to the needs of the employees.  The company also saw the need for ownership so they could create equity over the long term and satisfy their expansion needs in the future.

The challenge was to satisfy the desire to purchase a “headquarters” facility in a very tight market which was short of available existing product or land to build.  In addition, they had no room to grow at their leased multi-tenant facility and were being forced out by another tenant's prior rights.  All of this created a very short and strict deadline to solve their requirement.

The Solution
With these goals in mind, the MacKenzie Team canvassed the desired geography for a facility central to InterAct employees, with ample parking, room for expansion and visibility.  Most properties were non-investment grade and overpriced.

MacKenzie began contacting owners of property not currently on the market fitting InterAct’s requirement. MacKenzie identified a vacant 15,000 square foot building in Hunt Valley satisfying all InterAct requirements and negotiated a contract of sale.  During the feasibility period, MacKenzie acted on behalf of the owner and assisted InterAct Accessories with engineering and environmental studies, schematic designs for future expansion, identifying a space planner and providing a thorough project cost analysis. 

• MacKenzie’s Property and Asset Management group provided necessary services.
• MacKenzie Contracting Company provided a complete retrofit of the building including a new roof, HVAC system and interior demolition with a new build out.
• MacKenzie negotiated a lease on behalf of the owner and InterAct Accessories, Inc. with the parent company, Recoton. 
• MacKenzie Finance and Investment Services assisted the owner by obtaining financing for the purchase of the existing building and secondary financing for a 7,500 square foot addition to be built for future expansion.

InterAct Accessories, Inc.

Services Provided:
• Leasing & Sales
• Corporate Consulting & Strategic Planning
• Development Services
• Construction Services
• Property & Asset Management
• Financing
• Market Research