So far, BPG executives have tried to lease out the space to another tenant, to no avail. Right now, there aren't many in the market companies looking to lease such a large footprint, points out Joseph Nahas, a BPG vice president.

So now BPG, which only typically holds assets as an investment for five to seven years, is taking a different tact and is looking to sell the entire thing. One potential buyer Nahas isn't expecting any time soon is another automobile-parts manufacturer, given the rough state afflicting that industry.

But he does see other potential industry uses. For example, the building, located at 2750 Morris Rd., is in a life sciences-heavy pocket, where 51 companies in that industry reside. Nahas hopes that another firm looking to get near that critical mass, or a company involved in a related field, will be interested in buying the building.