Lowell Community Charter School Friends Inc., an affiliate of the Lowell Community Charter Public School (LCCPS), has acquired a pair of bonds from MassDevelopment to purchase, renovate, and equip 113,800 square feet of classroom space at 206 Jackson St. in downtown Lowell.

The funds are in the form of a $7,015,000 tax-exempt bond and a $3.3 million Qualified Zone Academy bond, purchased by Boston Private Bank & Trust Company.

The space is in two textile buildings that were part of Appleton Mills. Since 2000, the LCCPS has leased 98,000 square feet of the space it is purchasing. The school is converting the additional 15,800 square feet into classrooms.

In addition to the building space, the school is purchasing an adjacent 40,000-square-foot land parcel for a future gymnasium.

“MassDevelopment is pleased to assist the School as it expands to meet the diverse needs of students in a historic area of this thriving Gateway City,” MassDevelopment CEO Marty Jones said in a statement.

The project is expected to create 10 jobs and support 17 construction jobs.