<p>The sale of the former downtown location of The Advocate was finalized Tuesday, two days before a ceremonial groundbreaking will be held to mark IBM's decision to establish a service center on the property.</p><p>Reiger Investments LLC, a company controlled by the Manship family, the former owners of The Advocate, sold the Lafayette Street property for nearly $4.1 million, according to documents filed late Tuesday afternoon with the East Baton Rouge Clerk of Court's Office.</p><p>The buyer was Lafayette Street Holdings, a company controlled by the Wilbur Marvin Foundation, a nonprofit that holds most of the Baton Rouge Area Foundation's real estate assets.</p><p>The former Advocate property takes up a city block bordered by Lafayette, North and Main streets and River Road.</p><p><a href="http://theadvocate.com/home/7148395-125/former-advocate-site-sold-for">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.wbrz.com/news/land-deal-for-ibm-building-finalized-53624/">Land deal for IBM building finalized</a> (WBRZ)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=dp2NmsX3x2AVkpMw3xrAPkjQyMS_M&ned=us">4 additional articles.</a></p>