The property is located nearby its headquarters facility at 2 Nice Pak Park in Orangeburg, just off Route 303.

The lease deal was announced by Niko Elmaleh, executive vice president of Manhattan-based World-Wide Holdings Inc., the owner of the 341,000-sf industrial and office building that originally served as Worldwide Volkswagen's main headquarters and distribution center.

The complex had been home for some of Pearson Education's distribution operations until Dec. 31, 2002 when the firm consolidated those functions into a new larger facility in New Jersey, Elmaleh says.

Nice Pak Products will use the building to consolidate its New York warehousing and distribution locations to better serve its growing client base, says Michael Sarno, the company's vice president of New York Operations. Nice Pak also has manufacturing facilities in Indiana and the United Kingdom.

Robert Scherreik, senior vice president of McBride Corporate Real Estate's Central Valley office, says there is approximately 86,000 sf of available warehouse space, divisible into units of 40,000 sf and 46,000 sf, and up to 70,000 sf of office space available at the building. Scherreik notes that some of the office space could be suitable for a corporate data and recovery center. McBride Corporate Real Estate is the exclusive leasing agent for the property.

He adds there has been significant tenant interest in the remaining space at the building and negotiations are ongoing with interested parties for a good portion of the available warehouse space and some of the available office space.

World-Wide Holdings is currently in the approval process to build either a 90,000-sf flex building or possibly as much as 160,000-sf of warehouse/distribution space on an adjoining 12 acres to the 125 Greenbush Road South property.

The Manhattan-based firm in the past three yeas has worked on the conversion of four New York City office buildings (71 Broadway, 88 Greenwich St., 53 Park Place and 50 Murray St.) into approximately 1,300 luxury rental apartment units.