Problem with gnu toolchain: arm-none-eabi-objcopy: _build/nrf52832_xxaa.hex 64-bit address 0x4b4fa300026000 out of range for Intel Hex file

I'm attempting to get Eclipse and the GNU Arm toolchain installed on my Windows 10 system.  I'm following the instructions at...

https://devzone.nordicsemi.com/tutorials/b/getting-started/posts/development-with-gcc-and-eclipse

Except that I'm installing all the latest versions of things.  When I attempt to build the blinky example everything goes smoothly until the .Hex file...

D:\Development\SDKs\Nordic\nRF5_SDK_15.2.0_9412b96\examples\ble_peripheral\ble_app_blinky\pca10040\s132\armgcc>make
Linking target: _build/nrf52832_xxaa.out
text data bss dec hex filename
27000 164 2464 29628 73bc _build/nrf52832_xxaa.out
Preparing: _build/nrf52832_xxaa.hex
D:/Development/Tools/GNU Tools ARM Embedded/8 2018-q4-major/bin/arm-none-eabi-objcopy: _build/nrf52832_xxaa.hex 64-bit address 0x4b4fa300026000 out of range for Intel Hex file
D:/Development/Tools/GNU Tools ARM Embedded/8 2018-q4-major/bin/arm-none-eabi-objcopy:_build/nrf52832_xxaa.hex: bad value
make: *** [../../../../../../components/toolchain/gcc/Makefile.common:305: _build/nrf52832_xxaa.hex] Error 1

If I run make again after the Hex file fails it goes ahead and builds the .bin file.

D:\Development\SDKs\Nordic\nRF5_SDK_15.2.0_9412b96\examples\ble_peripheral\ble_app_blinky\pca10040\s132\armgcc>make
Preparing: _build/nrf52832_xxaa.bin
DONE nrf52832_xxaa

D:\Development\SDKs\Nordic\nRF5_SDK_15.2.0_9412b96\examples\ble_peripheral\ble_app_blinky\pca10040\s132\armgcc>

Is this expected?

I'm just coming up to speed on all this, so if I'm doing something dumb, I apologize.

Thanks.