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BOSTON — Meritage Properties and Ivy Realty have acquired 711 Atlantic Ave. in downtown Boston for a reported $26 million. The six-story, 85,551-square-foot office building was constructed in the late 1800s and underwent a full renovation in 2003. More recent updates include the replacement of most of the building's windows and lobby upgrades. Meritage and Ivy will co-manage the investment. CBRE — N.E. Partners LP represented the seller and procured the buyer in the transaction.