Target Corp. has acquired a retail site in Boston’s Fenway neighborhood from developer Samuels & Assoc. for $59 million.

The Minneapolis-based chain will anchor the retail portion of the mixed-use Van Ness development under construction at 1325 Boylston St.

Target acquired a 21 percent interest in the property, and FAE Holdings, a real estate affiliate, acquired an 79 percent interest according to records filed this week with the Suffolk County Registry of Deeds.

The urban-format "CityTarget" store will occupy 170,000 square feet on four stories built on the lower levels of the two buildings containing 230,000 square feet of offices and 172 apartments.

The site was previously occupied by a parking garage and two other buildings.

A developer’s acquisition agreement, also filed this week, gives Samuels the option to purchase the retail anchor unit in the future.