John D. Cromie | Connell Foley

Cromie, John D.

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, Corporate Law (2008-2013)
New Jersey Super Lawyers, Business Law (2006, 2009-2013)

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

Board of Directors - Oasis: A Haven for Women and Children
Member, Legislative Committee of Commerce and Industry Association of New Jersey (“CIANJ”)
Member of Board of Directors, Member and Past Chair of Business Advisory Services practice group, and Member of Banking/Financial Institutions practice group; 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, “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)

Author, "Practical Advice for Seeking Credit in a Tight Lending Market," published in New Jersey Business magazine (October 2012)
Author, “M&A Trends and Strategies in a Changing and Challenging Economy," published by Aspatore Books (2011)
Author, “Accounting Changes for Real Estate Leases are Looming,” published in New Jersey Business (2011)
Featured, “Succession Success,” published in New Jersey Business magazine (August 2011)
Author, “M&A Negotiations, 2010; Leading Lawyers on Structuring Transactions, Negotiating Agreements and Addressing Management," published by Aspatore/Thompson
Co-author, “Hurdle for the Unwary; How To Pay Independent Contractors,” published in New Jersey Law Journal (November 2010)
Co-author, "Officers Owe Corporations the Same Fiduciary Duties That Directors Owe," published in New Jersey Law Journal (June 2010)
Co-author, "Employees Now Protected Against Retaliation For Merely Requesting FMLA Leave," published in New Jersey Constructor magazine, Issue 2 (2010)
Co-author, "Responsible Officer Doctrine: California Appellate Case Demonstrates How a Corporate Officer Can Become Personally Liable," published in NJSBA Business Law Section Newsletter, Vol. 33, No. 2. (January 2010)
Co-author, "Data Breaches Responsibilities," published in New Jersey Business magazine (December 2009)
Co-author, "Data Breaches: Will You Be Protected? Six Essential Questions to Ask Your Target Company," published in USLAW magazine (Fall/Winter 2009)
Co-author, "Ensuring Success," published in Construction Today (September 2009)
Co-author, "M&A Advice in Troubled Times," published in New Jersey Business magazine (April 2009)
Author, "Mergers, Acquisitions, Market Turbulence and the Credit Crunch," published in USLAW magazine (Fall/Winter 2008 )
Co-author, "New Consequences for Fraudulent Dealings with the State of New Jersey," published in New Jersey Constructor magazine (October 2008)
Featured, NJBIZ Article on Transactional Lawyers and Current Economic Turbulence (October 2008)
Co-author, “Contractors Beware: Recent Regulatory Enactments Require Additional Compliance," published in New Jersey Constructor magazine (2008)
Co-author, “Courts Press Expansive View of Arbitration Clauses," published in the New Jersey Law Journal (2007)
Co-author, “State Contractors Prohibited From Making Campaign Contribution," published in New Jersey Constructor magazine (2005)
Co-author, “Steel Price Escalation Threatens NJ Contractors – A Proposed Two-Part Solution," published in New Jersey Constructor magazine (2004)
Co-author, “Shifting Risk for Unknown Subsurface Site Conditions in State and Federal Projects”, published in New Jersey Constructor (2004)
Co-author, “Set-Aside Act Amended to Remove State Contract Set-Asides for Minority Owned and Female Owned Business," published in New Jersey Constructor magazine (2003)
Co-author, “Letters of Credit Offer Landlords Protection Against Tenant Bankruptcies," published in The Metropolitan Corporate Counsel (2002)
Co-author, “Secured Electronic Signatures in Global and National Commerce Act,” published by the American Bar Association (2001)
Co-author, “Court Stakes a Middle Ground On Free Speech in Shopping Malls,"published in New Jersey Law Journal (2000)
Co-author, "Secured Credit Exemption Upheld," published in New Jersey Law Journal (1999)

Contact Information

Cromie, John D. 85 Livingston Avenue Roseland NJ 07068 Phone: (973) 535-0500 Fax: (973) 535-9217 jcromie@connellfoley.com

jcromie@connellfoley.com Download vcard Print Profile

Practice Area

Public Finance Health Care Practice Banking Law & Finance Construction Law Corporate & Business Law Real Estate & Land Use

Education

Seton Hall University School of Law (J.D., cum laude, 1987)

University of Notre Dame (B.A., Economics, 1984)

Seton Hall Prep

Admissions

State of New Jersey

United States District Court for the District of New Jersey

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