Daimler Trucks North America has broke ground at the site of its new headquarters building on Swan Island in Portland, Ore.

The total headquarters project requires a $150 million investment by Daimler Trucks North America. Work began in April 2014 to clear the land for construction of the new building with project completion slated for early 2016.

The new 268,000 square foot corporate headquarters building will serve two distinct functions: to merge DTNA employees currently located in offices separated by the Willamette River and to accommodate approximately 400 new positions in Portland that the company anticipates it will need in conjunction with future business growth.

“With our roots firmly planted in Portland over 70 years ago, Daimler Trucks North America is proud to lay the foundation for continued prosperity with a headquarters campus designed for the company’s long-term business success and a world-class workplace for employees,” said Martin Daum, president and CEO of Daimler Trucks North America.

DTNA said it is placing a priority on creating an environmentally-conscious plan with the goal to achieve LEED Platinum Certification, the most prestigious certification available through the U.S. Green Building Council. During the demolition phase of the project, the company surpassed its goal to recycle at least 96 percent of all demolition material or donate it to The Rebuilding Center in North Portland. In addition, DTNA said it is also working with the Port of Portland to significantly enhance the greenway trail that runs through the property along the Willamette River to promote better access and enjoyment by the public.

Daimler Trucks North America, owned by Daimler AG, manufactures, sells and services commercial vehicles under the Freightliner, Western Star, Detroit, and Thomas Built Buses nameplates.