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 “industrial sanctuary” 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 “a tremendous job center in the heart of Portland,” 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.

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