PORTLAND, Ore. – Cushman & Wakefield announced today that the partnership of Winkler Development and Watumull Properties Corporation has unveiled plans for its new project The Hopper, a repurposed modern industrial campus totaling 167,000 square feet on 5.3 acres in Portland, Ore. Located at 2000 NW Wilson in the city’s northwest district, the campus will be recognized as one of the few available urban industrial campuses in close proximity to a central business district to be found along the West Coast’s Interstate 5 Corridor. The project is slated to be available to occupants in the third quarter of 2017.
Cushman & Wakefield’s Portland office, led by industry veteran Brad Carnese along with Aaron Watt and Mark Carnese, is currently marketing the project on behalf of Winkler-Watumull.
Formerly the site of Cenveo’s printing plant, the building was initially developed in phases during the 1960s through the 1980s. The Hopper will offer the potential for future configurations that can accommodate a single user headquarters campus or as a multi-tenant facility that could comfortably house up to three tenants. The property’s General Industrial (IG1) zoning by the City of Portland will allow for a broad range of industrial and supporting office uses. The building is also located within the city’s E-Commerce Enterprise Zone providing additional economic incentives and benefits to potential occupants.
“The Hopper is a one-of-a-kind urban campus that will provide a tremendous job center in the heart of Portland,” said Brad Carnese. “The campus will uniquely be able to accommodate the full gamut of industries including the burgeoning high tech industry of the Silicon Forest, light manufacturing, e-commerce, food & beverage, retail, and more, making for either a great company headquarters or supporting outpost location.
“Further adding to the exceptional functionality of the building are its heavy 3-phase power throughout plus significant loading capabilities, flexible clear heights that range from 18 to 31 feet, and over 200 parking stalls.”
The campus derives its name, The Hopper, from an iconic piece of manufacturing equipment that is situated on the southwest corner of the building that will remain after redevelopment as a picturesque reminder of the building’s origins as a prominent commercial manufacturing enterprise. In the new configuration, The Hopper will oversee a comfortable common area / showroom to attract destination retail opportunities.
The Hopper is surrounded by an assortment of highly desirable urban amenities, with several coffee houses, breweries, and boutique restaurants in the immediate area. Also adjacent are the popular Pearl District and Slabtown areas that have continued to foster numerous residential and mixed-use developments. The Hopper’s location also provides excellent transportation access positioned just blocks from State Route 30 and Interstate 405 and Interstate 5 just a short drive over the Fremont Bridge. Portland’s Central Business District is also just minutes away. Additionally, the campus is visible to 128,000+ vehicles traversing the city’s most prominent river crossing, the Fremont Bridge.
Mr. Watt added, “This will be a great multi-functional campus in a revamped modernized structure that will provide companies and their employees with outstanding visibility, accessibility, amenities, and on-site parking. Additionally, employees will be able to take advantage and benefit from the Tri-Met bus service stops conveniently located within a few blocks as well as its high bike score of 96 (Biker’s Paradise) in the surrounding area.”
“Portland recently ranked as one of the nation’s fastest growing populations, while its invigorated economy and growing commercial real estate markets remain propelled by a slew of companies wanting to expand or position themselves in the Portland market, which we believe bodes well for the timing of this new job center,” closed Brad Carnese.
To access a high resolution rendering of The Hopper, click here.
To access the marketing brochure for The Hopper, click here.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter