Picasso Lighting actually moved into the building last year,leasing it with an option to buy. The sale was completed with thehelp of a low-cost loan from the state. The seller was a localpartnership
"With four different buildings in Brooklyn, it was a nightmare,"says Jose Espinosa, who co-founded the company 10 years ago withSol Shem-tov. His company is a manufacturer and wholesaler ofcrystal chandeliers and upscale lighting systems.
"Rather than continue to pay rent for four buildings, about$30,000 monthly, we made a business decision to consolidateeverything and look for a building of our own," Espinosa continues."It has certainly made it easier to run our business."
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