CHAPEL HILL, N.C. — A new science building totaling nearly 130,000 square feet in size at the University of North Carolina at Chapel Hill will be named after businessman Max Carrol Chapman, Jr.

Chapman, a UNC alumnus, donated $5 million toward the new Carolina Physical Science Complex being built at UNC. The first phase of the complex, including the Chapman building, opened this semester.

The total complex will cost $205 million and is the largest construction project in UNC’s history. It will include high-technology laboratories, classrooms, lecture halls and libraries. Five buildings will be constructed.

Chapman Hall includes a rooftop observatory deck for astronomy students and faculty and a remote observing control room for telescopes UNC uses in partnership with the countries of Chile and South Africa. It also has vibration-free space for electron microscopes; laser labs; teleconference rooms with shielding to avoid electronic interference; and space for the Institute for Advanced Materials, Nanoscience and Technology.

Chapman, a 1966 UNC graduate, is chairman of Gardner Capital Management. He is a member of the Futures Industry Association’s Futures Hall of Fame and a former chief executive officer of Kidder, Peabody and Co. He served as chairman of U.S. operations for Nomura Securities from 1989-1999.