Steve Samuels Of Samuels & Associates Acquires Development Site In Boston For $28.1M

The asset involved in this transaction is a development site located at 2 Charlesgate West in Boston, MA. The sale price for this property was $28,100,000. The site was acquired at a foreclosure auction, indicating a significant opportunity in the development market.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $28,100,000
• Buyer: Steve Samuels - Samuels & Associates
• Lender: Needham Bank
• Sale Date: 10/17/2025

Steve Samuels represented Samuels & Associates in the acquisition of the property. The deal was backed by a $40 million loan from Needham Bank, facilitating the purchase following the foreclosure auction of the Charlesgate site.