John D. Cromie

Partner

John D. Cromie has over 20 years experience in the areas of corporate and business law, mergers and acquisition, real estate, and banking law. He is the chair of Connell Foley LLP’s Corporate and Business Law practice group. Mr. Cromie counsels a wide variety of clients, ranging from Fortune 500 public companies to privately owned mid‑cap enterprises and start-up ventures. He is outside general counsel to numerous companies in a variety of industries, including construction, manufacturing, specialty chemical, and medical. He has extensive experience in the area of mergers and acquisitions, as well as in the purchase, sale, leasing, and development of commercial real estate. 

Mr. Cromie also has significant experience representing lenders and documenting asset‑based and real estate based commercial loans and credit facilities. Mr. Cromie joined Connell Foley in 1988 as an associate. Prior to joining the firm, he completed a one year clerkship with the Honorable Daniel J. O’Hern, Associate Justice, Supreme Court of New Jersey (1987-1988). Mr. Cromie has spent his entire professional career with Connell Foley and was elected to the partnership of the firm in January 1996.

Mr. Cromie was a Member and served as Managing Editor of the Seton Hall Law Review.  He is the author of “States May Selectively Authorize Bank Holding Company Acquisitions,” 17 Seton Hall Law Review 117 (1987) and he served as an Adjunct Law Professor of Legal Writing and Research at Seton Hall University School of Law in Newark, New Jersey from 1991 to 1997.  Mr. Cromie also served three terms as an elected official while serving as a Borough Councilman in Allendale, Bergen County, New Jersey.

Representative Experience:

Corporate Business/Business/Banking:

  • Representation of buyer in acquisition of stock of seller (and related real estate development) engaged in the business of bus repair and maintenance, Jersey City, New Jersey
  • Representation of lender in connection with credit facility to America’s largest flag maker
  • Representation of individual shareholder in sale of stock (and partnership interests in real estate affiliate) of family-owned closely held business
  • Representation of privately owned multi-national company as Special Counsel in connection with One Billion Dollar Note Offering
  • Representation of physician group in connection with the formation, licensing, construction, and operation of state of the art ambulatory surgical center
  • Representation of tax exempt higher educational borrower in connection with $74,100,000 tax exempt bond issuance through the New Jersey Educational Facilities Authority
  • Representation of seller in connection with the sale of assets of a lumber yard to a regional lumber company
  • Representation of seller in connection with the sale of assets of a specialty contracting company
  • Representation of buyer in connection with purchase of 6.5-acre undeveloped Palisades Park, New Jersey parcel out of Bankruptcy Court

Real Estate and Land Use:

  • Preliminary and final site plan approval for conversion of age restricted residential project in Piscataway, New Jersey to 130 market rate single family homes
  • Preliminary and final site plan approval for approximately 40,000 sq. ft. retain site location located on 6.7 acres of prime commercial real estate at the corner of Eagle Rock Avenue and Eisenhower Parkway in Roseland, New Jersey
  • Preliminary and final subdivision and site plan approval to construct a 412 unit residential community situated on 30 acres in Piscataway, New Jersey
  • Closing of title to and acquisition of preliminary and final site plan and subdivision approval with respect to a 20 acre tract in Edison, New Jersey
  • Preliminary and final subdivision and site plan approval and acquisition of seven acre tract in Springfield, New Jersey in connection with construction of a 100,000 sq. ft. self-storage facility
  • Sale of 100+ acres of commercial real estate in South Brunswick, New Jersey
  • Negotiation of several commercial leases involving tenant space in excess of 100,000 sq. ft. of prime commercial office space in the aggregate
  • Approximately 35,000 sq. ft. retail project located on Eisenhower Parkway in Roseland, New Jersey; project involved substantial corporate restructuring, preliminary and final site plan approval, financings, and preparation and negotiation of thirteen retail leases; representation ultimately involved the sale of the completed projects to a third party, and included negotiation of the contract and related transactional work

Honors and Awards:

  • "New York's Best Lawyers," Corporate Law (2013)
  • Best Lawyers in America (2011-2017)
    • Corporate Law
    • Real Estate Law
    • "Lawyer of the Year,"  Real Estate Law - Newark (2016)
  • New Jersey Super Lawyers, Business Law (2006, 2009-2017)
  • "Top 100," New Jersey Super Lawyers (2016, 2017)

Pro Bono:

  • Board of Directors - Oasis: A Haven  for Women and Children
  • Holiday Observers, Inc.
  • Eva’s Village

Affiliations:

  • American Bar Association, Business Law Section
  • New Jersey State Bar Association, Business Law Section
  • Essex County Bar Association
  • Associate Member Council, Associated Construction Contractors of New Jersey (ACCNJ)
  • Fellow, American Bar Foundation
  • Board of Directors - Oasis: A Haven  for Women and Children
  • Board Member, Notre Dame Lawyers of New York City
  • Member, Legislative Committee of Commerce and Industry Association of New Jersey (“CIANJ”)
  • Member of Executive Committee of Board of Directors, Emerging Industries Director, Member and Past Chair of Business and Advisory Services Practice Group, and Member of Banking/Financial Services Practice Group of USLAW Network, Inc.
  • Associate Member and Counsel, Associated General Contractors of New Jersey, Inc.
  • Associate Member and Counsel, Real Estate Lenders Association−New Jersey Chapter
  • Member, Steering Committee for the Financial Decision Makers Roundtable of Commerce and Industry Association of New Jersey (CIANJ)
  • Former Member, Supreme Court of New Jersey District Ethics Committee

Presentations:

  • Speaker, “Common Problems Arising With Commercial Leases and How To Deal With Them,” USLAW Network, Inc., Webinar (January 2017)
  • Speaker, “A View from Above – The Use of Drones in Construction,” ACCNJ Construction Law for Construction Professionals program, Edison, NJ (October 2016)
  • Speaker, “Data Privacy Issues and Concerns with International Business,” USLAW/TELFA Cross Border Business and Transactions Exchange, Chicago, IL (September 2016)
  • Speaker, "Careful Drafting of Contract Provisions: REPs and Warranties, Indemnification, Arbitration, Dealing with Cloud Based Software Solutions," USLAW Network, Inc., Business Litigation Exchange, San Francisco (June 2016)
  • Speaker, "Legal Issues for Manufacturers," NJMEP/CIANJ Speed Dating for Manufacturers (April 2015)
  • Moderator/panelist, “Breaking Up Can Be Hard to Do: Practical Advice on How to Use Carrots and Sticks in Executive Compensation Agreements,” USLAW Network, Inc., Fall 2014 Conference (September 2014)
  • Moderator, “Know the Privacy Laws: Protect Your Data to Protect Your Business,” Commerce and Industry Association of New Jersey (CIANJ) Financial Decision Makers Roundtable (May 2014)
  • Speaker, "Ethical Dilemmas and Conflict Issues for Business Lawyers" Connell Foley Continuing legal Education Program (December 2013)
  • Speaker, "Damage Control: Avoiding and Minimizing Consequential and Liquidating Damages” USLAW Network, Inc., Fall 2013 Conference (October 2013)
  • Speaker, “Succession Planning and Exit Strategies in the Sale of a Business” USLAW Network, Inc., Fall 2012 Conference (October 2012)
  • Moderator, "Your Business is Successful, Now What?” Commerce and Industry Association of New Jersey (CIANJ) Financial Decision Makers Council Conference (September 2012)
  • “New Jersey Supreme Court Expands Liability for Corporate Directors, Shareholders, Officers and Employees under Business Fraud Act,” USLAW Network, Inc., Fall 2011 Conference (October 2011)
  • "Advice on How to Navigate Through Complex Lending Market," USLAW Radio (February 2011)
  • “Confidentiality and Non-Disclosure Agreements in Mergers and Acquisitions,” Excesense Webinar (April 2010)
  • “A Transactional Attorney’s Perspective on Deals that End in Litigation,” USALAW Network, Inc. Fall 2010 Conference
  • “Acquiring Assets of Troubled Companies In and Out of Bankruptcy,” USLAW Network, Inc. Fall 2009 Conference (September 2009)
85 Livingston Avenue
Roseland,
NJ
07068
973.535.0500
973.535.9217
  •  Seton Hall University School of  Law (J.D., cum laude, 1987)
  • University of Notre Dame (B.A.,  Economics, 1984)
  • Seton Hall Prep
  • State of New Jersey
  • United States District Court for  the District of New Jersey

 

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