385 Exchange
Simpsonville, SC338,040 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 338,040 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 — 65 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.
Market rents reflect approximately 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.
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.
Estimated population of 135,636 in 2025, up 7.2% from 2020, projected to reach 149,219 by 2030. Median household income of $95,655. College attainment of 42% against a median age of 38.3.
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 development338,040 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.