A building constructed by a man who greatly influenced Des Moines’ early development has been sold to an out-of-state investor, Polk County real estate records show.

The property at 320 S.W. Seventh St., commonly known as the Rocket Transfer Building, was built around 1902 by Frederick Hubbell, founder of F.M. Hubbell and Son, which eventually became Hubbell Realty Co.

Hubbell Realty, through its Rocket Transfer I LLC, sold the property for $7.35 million to FLT Rocket Transfer Lofts LLC, a group located in Irvine, Calif.

Read the full article from the Business Record here.