### Software Development Firm Upsizes Boston Headquarters from Coworking Space
Avison Young has successfully arranged a new lease for Cariina, a software development company specializing in educational administration, at 40 Water Street in Boston. The new 6,803-square-foot headquarters marks a significant expansion from the company’s previous 2,100-square-foot coworking suite at 2 Oliver Street. The new location will also feature dedicated exterior signage.
Cariina was represented in the transaction by Avison Young’s Kirk Weller and Jon Vacca, both based in Boston. JLL acted as the representative for the landlord.
“Cariina’s decision to upgrade and expand its office space challenges the current trend of companies downsizing their footprints in new lease negotiations,” said Weller. “This move underscores the growing demand for move-in-ready, often fully furnished spec suites—an appealing solution for fast-growing companies that need flexibility in today’s dynamic market. As Cariina continues to scale, this new Class A space will not only support their growth but also help attract top-tier talent.”
