Philip F. McGovern Jr.

Partner

Philip F. McGovern is the Managing Partner of Connell Foley and a member of the firm's Executive Committee. He focuses his practice primarily on real estate and corporate transactions, real estate development, land use, complex commercial financing and commercial leasing. Mr. McGovern currently serves as national real estate counsel to Telcordia Technologies and outside real estate counsel to New Jersey Natural Gas Company. He is also general corporate counsel to numerous mid-cap companies in New York, New Jersey and Pennsylvania, which duties entail entity formation, financing, contractual negotiation, acquisitions/dispositions and succession planning.

During the course of his career, Mr. McGovern has assisted several large organizations in significant development projects across the United States.  Among these, he represented the United Parcel Company in connection with the acquisition and development of its worldwide communications facility in Mahwah, New Jersey. He also advised Merrill Lynch & Co. in the restructuring of mixed use residential/commercial developments in Charlestown, Massachusetts; Alexandria, Virginia; and Waco, Texas during the market-depressed 1990s.

Mr. McGovern also represented the Shell Oil Company in the negotiation and disposition of over 350 service stations throughout the tri-state area. He has participated in New Jersey State and other municipal financings totaling more than several billion dollars in value and has negotiated leases on behalf of landlords and tenants for commercial structures in excess of 3,000,000 square feet. 

Prior to joining Connell Foley, Mr. McGovern served as a law secretary to Honorable Alfred M. Wolin, Superior Court of New Jersey, during the 1984-1985 term. He is the former Secretary to the Supreme Court of New Jersey District V-C Ethics Committee. Additionally, Mr. McGovern is the Chairman of the Board of Trustees for St. Peter’s Preparatory High School, Jersey City, New Jersey (2013 to present), Chairman of the Township of Nutley Planning Board (1998 to present) and Chair of the Board of Directors of the Hudson County Chamber of Commerce (2016 to present).

Representative Experience:

  • $27 million stock and asset sale of transportation company
  • $5 million asset acquisition of insurance company
  • $76 million combined stock and asset sale of petroleum wholesale and distribution business
  • $19 million stock sale of financial services corporation with stock options in acquiring corporation valued up to $10 million
  • $10 million dollar stock purchase of plastics corporation
  • $55 million stock sale of chemical corporation
  • $5 million stock sale of pyrotechnic corporation
  • $8 million acquisition of assets of fire suppression system corporation
  • $4 million asset sale of wholesale buying cooperative
  • Counsel to Nationwide Financial Insurance Company on various loans to commercial borrowers (aggregate loan amount in excess of $500 million)
  • Counsel to The Greater New York Savings Bank in connection with various real estate workouts and restructuring of loans to borrowers (aggregate loan amount in excess of $100 million)
  • Counsel to New England Mutual Life Insurance Company in connection with loans to various commercial borrowers (aggregate amount of over $100 million)
  • General real estate counsel to numerous private purchasers and sellers of commercial real estate
  • General real estate counsel to two (2) Fortune 200 Corporations
  • Bond Counsel to the Rahway Valley Sewerage Authority (Bond par amounts in excess of $300 million)
  • Bond Counsel to the Borough of Englewood Cliffs (Bond par amounts in excess of $10 million)
  • Bond Counsel to the Borough of Leonia (Bond par amounts in excess of $10 million)
  • Corporate Trust Counsel to U.S. Bank, First Union National Bank, Wachovia Bank, N.A., The Bank of New York, Commerce Bank (Bond par amounts in excess of $2 billion)
  • Underwriters Counsel to Morgan Stanley, J.P. Morgan Chase, Merrill Lynch & Co., N.W. Capital (Bond par amounts in excess of $250 million)
  • Corporate Counsel to Flag Wharf, Inc. (former Merrill Lynch & Co. subsidiary) in acquisition of numerous properties along the Eastern seaboard, financings with various lenders and general corporate representation
  • Corporate Counsel to approximately fifteen (15) mid-cap companies in New York, New Jersey and Pennsylvania

Honors and Awards:

  • Best Lawyers in America (2013-2017)
    • ​Commercial Litigation
    • Corporate Law
    • Mergers and Acquisitions Law
    • "Lawyer of the Year," Mergers and Acquisitions Law - Newark (2016)
  • Team Walker “Hero Award” (2016)
  • "Irish Legal 100" (2015 - 2016)
  • "New Jersey's Top Rated Lawyers," Real Estate Law as seen in The New Jersey Law Journal (2013) 
  • "New York's Best Lawyers," Commercial Litigation; Corporate Law; and Mergers and Acquisitions Law (2013)
  • "New Jersey's Top Rated Lawyers" as seen in Inside Jersey magazine (2012)
  • New Jersey Super Lawyers

Affiliations:

  • New Jersey State Bar Association, Banking Law Section
  • American Bar Association
  • Essex County Bar Association
  • Hudson County Bar Association
  • Fellow, American Bar Foundation
  • Board of Directors, Hudson County Chamber of Commerce
  • Board of Directors, Jersey City Economic Development Corporation
  • Chairman, Board of Trustees for St. Peter’s Preparatory High School, Jersey City, New Jersey (2013 to present)
  • Chairman, Township of Nutley Planning Board (1998 to present) 
  • Former Secretary, Supreme Court of New Jersey District V-C Ethics Committee
Presentations:
  • Program Chair, "The Jersey City Summit for Real Estate Investment," roundtable&advisory (October 2015)
  • Panelist, "Ethical Dilemmas and Issues of Duty for Real Estate Lawyers," presented to the Office of Attorney Ethics (March 2015)
  • Panelist, “Ethical Issues in Real Estate Transactions,” Ethics for Transactional and Other Attorneys Seminar, presented by New Jersey Institute for Continuing Legal Education (November 2014)
  • Panelist, "Reinventing Urban New Jersey," Annual Government Affairs Forum, presented by Hudson County Chamber of Commerce (October 2014)
  • Panelist, "Economic Opportunity Act," Breakfast Symposium, presented by Mack-Cali Realty Corp. (October 2013)
  • Speaker, "The Urban Core: What Drivers are Behind the Resurgence of the State's Major Cities?" 5th Annual New Jersey Real Estate Conference presented by ScheinMedia (June 2011)
Harborside 5, 185 Hudson Street, Suite 2510
Jersey City,
NJ
07311-4029
201.521.1000
201.521.0100
  • Seton Hall University School of  Law (J.D., 1984)
  • St. Michael's College (B.A., 1980)
  • United States District Court for  the District of New Jersey
  • United States Court of  Appeals for the Third Circuit
  • New Jersey Supreme Court
  • United States Supreme Court

 

Best Lawyers Award Badge

 

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