GNB Technologies Signs Two Office & Industrial Leases

The Chicago office of Julien J. Studley Inc. has completed two leases for GNB Technologies. The first lease was for 62,107-sf of office space at 829 Parkview Blvd., Lombard. GNB also leased 55,320-sf of warehouse space at 2 Sammons Ct., Bolingbrook, a suburb southwest of Chicago.

Due to growing operations, GNB Technologies needed to augment its warehouse capabilities to better service its Midwest territory. Warehousing operations were relocated and expanded from Naperville to Bolingbrook to take advantage of the I-55 Corridor’s accessibility to major interstate routes. Studley represented GNB in the transaction. Darwin Realty & Development represented ownership.

Studley also represented GNB Technologies in an office lease renewal in Lombard, a far western Chicago suburb. GNB was able to achieve favorable economic terms and will retain its workforce by remaining at the Lombard location. The Alter Group represented ownership in the lease renewal.

GNB Technologies is an integrated provider of power technology products. It manufactures and recycles lead-acid batteries for the automotive, recreational boating, farm, heavy duty truck, electric utility, industrial electric vehicle, photovoltaic, lift truck, railroad, telecommunications and uninterruptible power supply markets in more than 50 countries. GNB Technologies is wholly owned by Pacific Dunlop Limited of Melbourne, Australia.