In 2015, Hoerbiger Corp. of America bought a Coral Springs building with plans for manufacturing.

But when that plan changed, Steven Wasserman, executive vice president of Colliers International South Florida in Fort Lauderdale, brokered the sale on behalf of Hoerbiger.

The deal closed last week for $14.88 million, or a $2.03 million gain for Hoerbiger after buying the building for $12.85 million two years before, according to Broward County real estate records.

The 245,000-square-foot building, at 4250 Coral Ridge Drive, is part of the Corporate Park of Coral Springs, an industrial and business complex east of the Sawgrass Expressway between Sample and Wiles roads.

Exeter Property Group, a suburban Philadelphia-based investment management company that focuses on industrial properties, is the buyer. It might demolish part of the structure and build warehouse space in its place, Wasserman said.

“They will build to the market and take a chance that they could lease the properties up to third parties,” he said.

Hoerbiger is part of compressor and drive technology and hydraulic systems maker Hoerbiger Group.

Its Coral Springs facility was to be for making parts for oil harvesting and refining, but Hoerbiger changed its plan when the price of oil decreased, according to Wasserman.

The manufacturing plant was expected to create 420 jobs.

“It was an important potential relocation for Broward County,” Wasserman said. “Unfortunately, it didn't work out.”