GILBERT, AZ-In an expansion and relocation move, Air Transport Components signed a 10-year lease for 62,412 square feet of space in a building that once belonged to the US Postal Service. In signing the lease, the Tempe, AZ-based company is consolidating two facilities totaling 53,000 square feet, while ensuring room for future expansion.

The property at 900 N. Fiesta Blvd. was acquired by LGE Design Build, which is also handling development. The property was, at one point, listed for $2.9 million. The lease was brokered entirely by Bob Kling and Dave Johnson, principals with Lee & Associates Arizona.

The freestanding building, built in 1999, is situated on 6.65 acres and features 11 exterior grade-level loading docks, a 4:1,000 parking ratio and is centrally located in the East Valley. Air Transport Components is an approved Federal Aviation Administration repair station with both Class 1 and Class 2 accessory ratings. Its capability and ratings allow for the repair and overhaul of an in-depth list of component parts including flight surfaces, hydraulics, structures, doors and crew seats for both narrow and wide body commercial aircraft.