Northeastern University is building a 225,000-square-foot interdisciplinary science and engineering complex on its Boston campus with support from $150 million in tax-exempt bonds from MassDevelopment.

Bond proceeds will also finance the construction, furnishing and equipping of research, office and classroom space at the university’s Nahant campus; renovations to classrooms, offices and laboratories at the Boston campus; and other capital projects.

"Northeastern University is at the forefront of the commonwealth’s innovative higher education system," MassDevelopment President and CEO Marty Jones said in a statement. "The co-op program provides students with a cutting-edge blend of classroom education and hands-on experience. We are pleased to leverage this low-cost financing on behalf of Northeastern University given the increasing need for employees with science and engineering backgrounds."