In Press Release

Lankford Phelps Portman today announced that a dealership for Pedego Electric Bikes, the country’s top electric bike company founded in Southern California, has leased retail space at BRIC, the new mixed-use development in San Diego’s North Embarcadero. Lankford Phelps Portman is a real estate joint venture comprised of Portman Holdings, Lankford & Associates, and Hensel Phelps. This will be Pedego’s first store in downtown San Diego.

Pedego San Diego is leasing a 1,479 square-foot space on the ground floor, boasting sweeping bay views. The deal was brokered by Jim Reinhart of Retail Insite representing the owner and William Strong of Riviera Real Estate Inc. representing Pedego San Diego. While design of its permanent location is underway, Pedego recently opened a pop-up shop at the plaza which offers free test rides and rentals.

“Pedego fits perfectly into the energetic vibe of this property,” said Carey Owens, vice president asset management of Portman Holdings. “Both tourists and locals will be drawn to its innovative electric bikes, adding to the enjoyment of the outdoor space at BRIC and elsewhere along the North Embarcadero area.”

“As Pedego continues to expand, BRIC is the ideal location for us to introduce our electric bikes to visitors staying at the nearby hotels and those departing on cruises at the pier who can explore much of San Diego from this location,” said Sean Chavez, owner of Pedego San Diego. “Lane Field Park, with its history as the former home of the minor league San Diego Padres, is right outside our doorstep and offers the perfect place for customers to ride our bikes.”

Pedego stores offer sales, service and rentals of its fun-to- ride bikes. Complimentary test rides are available at all Pedego stores. There are approximately 100 stores across the country, including three additional stores in San Diego County. Pedego San Diego supports the local cycling community through the San Diego County Bike Coalition and local events including the San Diego Electric Light Parade.

The BRIC complex includes a 147-room Residence Inn and a 253-room SpringHill Suites by Marriott, which opened last February. Additional retail tenants include Beach Hut Deli and Ryan Bros. Coffee, which have occupied a shared 2,690 square-foot floor plan since November of 2016.

BRIC’s second phase, designed by John Portman & Associates, will include the 18-story InterContinental ® Hotel with 400 guest rooms. The hotel will sit atop ground-level retail space, which will eventually be occupied by a variety of dining, wellness, fitness and shopping destinations along Broadway and Pacific Highway. Jim Rinehart, Commercial Real Estate Broker for Retail Insite, is responsible for all retail leasing.

About BRIC

BRIC, located at the waterfront intersection of Broadway and Pacific Highway in downtown San Diego, is the City’s newest eat, stay and play destination. BRIC is a place to see and be seen, where locals, visitors, hotel guests and cruise passengers alike can enjoy the diverse and distinctive flavor of San Diego’s North Embarcadero district. BRIC features two of San Diego’s newest hotel concepts as well as thrilling dining, retail and community park spaces—it’s a place where the community can come together to enjoy the best San Diego has to offer—a place guests long to come back to, and locals love to escape to.

About Portman Holdings

Throughout the past 60 years, Portman Holdings has developed over 65 million square feet of premium real estate around the world with a focus on hospitality, office and mixed-use properties. The vertically integrated real estate development, investment and management company commands a successful global network and has a proven track record with the world’s top financial institutions. Portman Holdings continues to achieve success through investor, partner and client relationships that deliver exceptional real estate projects. For additional information, visit www.portmanholdings.com and follow the company on Twitter via @PortmanRE.

About Hensel Phelps

HENSEL PHELPS Plan. Build. Manage. From planning and design to construction and facility management, Hensel Phelps works to solve their clients’ challenges from concept through occupancy, and beyond. Hensel Phelps clients, both domestic and international, have entrusted them with a tremendous range of landmark projects, in nearly every market sector.  Established in 1937, the employee-owned company delivers value through their People, Processes, Partnership and Technology, collectively recognized as The HENSEL PHELPS Way. Visit www.henselphelps.com and follow the company on Twitter via @HenselPhelps.

About Lankford & Associates

Lankford & Associates (www.lankfordandassociates.com) was founded in 1982 to acquire, develop, and manage commercial property in Southern California. Headquartered in San Diego, Lankford & Associates has completed more than 12.2 million square feet of development at a total value of $2.3 billion. The company is experienced in developing large-scale commercial real estate projects, including Class A office buildings, government facilities, biotechnological and medical facilities and mixed-use residential projects. It is currently involved in the redevelopment of a five-block area in San Diego’s East Village known as Makers Quarter™, the Lane Field Hotel Projects in Downtown San Diego and in the new Sharp medical facility in Rancho Bernardo in North San Diego County.

About Pedego

Pedego®  Electric Bikes is the Number 1 electric bike brand in the United States, according to Navigant Research. Pedego manufactures 12 high-quality, innovative models, including cruisers, tandems, commuters, fat-tire bikes, mountain bikes, cargo bikes and a convenient electric folding bike. Sold at more than 100 Pedego-branded stores and hundreds of independent electric bike dealers worldwide, Pedego’s stylish “pedal or not” electric bikes boast powerful, whisper-quiet motors that let riders sail up hills and breeze through headwinds with a smile. Available in hundreds of color combinations, Pedego electric bikes deliver a green alternative for transportation, exercise and recreation — transforming lives with fun and delight.  Founded in 2008, Orange County, Calif.-based Pedego inspires riders to say, “Hello, Fun!” Pedego San Diego can be reached at www.pedegosandiego.com or 800-604- 7187.