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Posted on: October 24, 2017

City Officials Celebrate Groundbreaking for WEX's New World Headquarters

wex headquarters rendering

The City of Portland joined WEX, Inc. and 0 Hancock Street, LLC to break ground on WEX’s new world headquarters at the corner of Hancock and Thames Street in Portland on Tuesday, October 24. The project includes a 100,000 square foot, 4-story mixed-use development that will serve as office space for WEX with additional retail space.

On August 21, 2017, the City Council approved a $3.3 million purchase and sale agreement with 0 Hancock Street, LLC for the sale of 48,000 square feet of the City-owned Thames Street property along the Eastern Waterfront. The City issued a Request for Proposals for the property in April and received two proposals in response on May 3, 2017.

In 2009, the City Council directed City staff to market the Thames Street lot for sale to help further realize the Eastern Waterfront Master Plan (EWMP). The EWMP envisioned a mixed-use build out of the upland sections of the district establishing a new urban neighborhood based on an expanded street grid, resulting in over a half-million square feet of additional office, retail, and residential construction to be supported by additional structured parking.

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