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A Northwest Portland printing plant is closing, and the property will be repurposed into a modern industrial campus.

The redevelopment, called The Hopper, will total 167,000 square feet on 5.3 acres at 2000 N.W. Wilson St. The site currently holds a Cenveo Corp. printing plant.

The property is scheduled to be ready for occupants in the third quarter of 2017.

The Hopper is a partnership of Winkler Development and Watumull Properties Corp. Cushman & Wakefield’s Portland office is marketing the property.

James Winkler purchased the property for $7.5 million in November 2015 via a limited liability company, according to city records.

The area sits between fast-developing Slabtown, where Cairn Pacific and other developers are transforming the neighborhood with a mix of uses, and the eastern edge of the Pearl District. The property is within the Portland’s 鈥渋ndustrial sanctuary鈥� area and is zoned for general industrial (IG1) uses, limiting its redevelopment potential. Additional economic incentives and benefits are available because of its location in the city’s e-commerce enterprise zone.

Neither Winkler Development nor Connecticut-based Cenveo Corp. responded to calls seeking comment.

The property will become 鈥渁 tremendous job center in the heart of Portland,鈥� Cushman & Wakefield senior director Brad Carnese stated in a news release.

The property could accommodate a single-user headquarters or up to three tenants, according to the release.

Adding to The Hopper’s functionality, the building has heavy, three-phase power throughout, flexible clear heights ranging from 18 to 31 feet and more than 200 parking stalls.

The project’s name derives from a piece of manufacturing equipment in the building’s southwest corner that will remain after redevelopment.