385 Exchange
Simpsonville, SC328,174.39 SF industrial park on 23.59 acres adjacent to I-385.
Site aerial — 2835 Kemet Way, Simpsonville, SC
Hughes Commercial Properties
385 Exchange is a 328,174.39 SF speculative industrial development on the I-385 corridor in Simpsonville, South Carolina. Two concrete tilt-up buildings deliver in the first quarter of 2028, available for full-building lease, multi-tenant division, or build-to-suit. Hughes Commercial Properties owns, entitles, builds, leases, and manages the asset directly.
Regional industrial vacancy fell to 5.3% in Q2 2026 on 2.4M SF of positive net absorption across the Greenville–Spartanburg market, the fourth consecutive quarter of tightening.
Source — CBRE Research, Q2 2026Both buildings are available for full-building lease, multi-tenant division, or build-to-suit — 62 dock doors and 4 drive-in doors across the park. Power specifications, dock equipment and suite configurations are available on request.
The I-385 / Simpsonville corridor is one of the tightest industrial submarkets in the Southeast. At 1.8% vacancy, available options for tenants are nearly exhausted, and there is no speculative construction in the pipeline. The 10-year average annual delivery of approximately 230,000 SF has fallen to zero.
Greenville–Spartanburg industrial vacancy was 5.3% in Q2 2026, down from 8.3% two years earlier; the market low was 2.3% in 2022. In the I-385 / Simpsonville submarket, vacancy was 1.8% in Q1 2026. Tenant demand continues to outpace supply, particularly from automotive and logistics operators. The broader Greenville–Spartanburg region absorbed 11.7M SF in 2025.
Greenville–Spartanburg is anchored by BMW, Michelin North American headquarters, Lockheed Martin, GE Vernova, and more than 120 automotive suppliers. Over $15B in international capital has been deployed since 2010, creating more than 43,000 jobs. SC Inland Port Greer provides direct Norfolk Southern rail service to the Port of Charleston.
The Greenville–Spartanburg–Anderson combined statistical area had an estimated population of 1,627,507 as of July 2024, the largest metropolitan market in South Carolina.
Located within the I-85 corridor, the property has access to the Southeast’s primary industrial artery connecting Richmond, Raleigh, Greensboro, Charlotte, Charleston, and Atlanta, with one-day truck access to more than 100 million U.S. consumers.
Hughes Commercial Properties is a Greenville, South Carolina developer with more than 50 years in the market. The owner-operated model provides direct oversight across acquisition, entitlements, design, construction, leasing, and asset management.
Current development328,174.39 SF industrial park on 23.59 acres adjacent to I-385.
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Tell us the requirement and we will send current availability, a site plan, and a dock configuration the same week.
Hughes Commercial Properties · PO Box 10440, Greenville, SC 29603We will come back to you this week with current availability, a site plan, and a dock configuration for the square footage you gave us.