385 Exchange
Building 1 — 126,360 SF
Building 2 — 211,680 SF
Severely Supply-Constrained
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 zero speculative construction in the pipeline. The 10-year average annual delivery of ~230,000 SF has fallen to nothing, amplifying scarcity for quality industrial product.
Strong Rent Trajectory
Market rents reflect ~8% annualized growth over the past five years. Tenant demand continues to outpace supply, particularly from automotive and logistics operators. The broader Greenville–Spartanburg region absorbed 11.7M SF in 2025, underscoring regional momentum.
Economic Engine
Greenville–Spartanburg is anchored by BMW, Michelin (N.A. HQ), Lockheed Martin, GE Vernova, and 120+ automotive suppliers. More than $15B in international capital has been deployed since 2010, creating 43,000+ jobs. SC Inland Port Greer provides direct Norfolk Southern rail service to the Port of Charleston, a critical logistics advantage.
I-85 “Golden Quadrant”
Located within the I-85 super corridor, the property provides seamless access to the Southeast’s top industrial artery connecting Richmond, Raleigh, Greensboro, Charlotte, Charleston, and Atlanta. One-day truck access to 100+ million U.S. consumers.
Demographics (5-Mile)
135,636 estimated population (2025) with 7.2% growth (2020–2025). Median household income of $95,655. 42% college education attainment with a median age of 38.3. Projected to reach 149,219 by 2030.
Developer Info
Hughes Commercial Properties
Hughes Commercial Properties is a Greenville, SC-based developer with over 50 years of experience in the market. The owner-operated model provides direct oversight across acquisition, entitlements, design, construction, leasing, and asset management.
Project Portfolio
Current Development
