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Philip F. McGovern Jr.

Managing Partner

Overview

Philip F. McGovern Jr. is the Managing Partner of Connell Foley and a member of the firm's Executive Committee. From initiating the firm's initial key expansion into Jersey City 15 years ago to a vision for continued growth in New Jersey and New York, Phil applies a keen business sense in identifying opportunities — both for Connell Foley as well as for his clients. A savvy transactional attorney, he concentrates primarily on commercial real estate and corporate transactions, real estate development, land use, complex commercial financing and commercial leasing.

Phil 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, where he works on entity formation, financing, contractual negotiation, acquisitions/dispositions and succession planning.

During the course of his career, Phil has assisted several large organizations in significant development projects across the United States. Among these, he represented Mack-Cali, Inc. in the assemblage, joint venture and ultimate development of its most significant residential real estate project in Jersey City, and he advised 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.

Phil 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.

Experience

Representative Experience

  • 300,000 sq. ft. warehouse lease for a national beer distributor
  • 120,000 sq. ft. commercial office lease for a worldwide telecommunications company
  • 75,000 sq. ft. commercial office lease for a regional law firm
  • $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

Activities

Professional and Community Affiliations

  • Fellow, American Bar Foundation
  • Chair, Board of Directors, Hudson County Chamber of Commerce
  • Chairman, Board of Trustees, St. Peter’s Preparatory High School, Jersey City, New Jersey (2013 to present)
  • Chairman, Township of Nutley Planning Board (1998 to 2017) 
  • Board of Directors, Jersey City Economic Development Corporation
  • Former Secretary, Supreme Court of New Jersey District V-C Ethics Committee
  • New Jersey State Bar Association, Banking Law Section
  • American Bar Association
  • Essex County Bar Association
  • Hudson County Bar Association

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)

News & Insights

News

Honors

Best Lawyers in America (2013-2018)

  • Commercial Litigation
  • Corporate Law
  • Mergers and Acquisitions Law
  • "Lawyer of the Year," Mergers and Acquisitions Law - Newark (2016)

"Visionary Leadership Award," New Jersey City University (2017)

“Hero Award,”  Team Walker (2016)

Irish Legal 100, The Irish Voice Newspaper (2015 - 2016)

New Jersey Super Lawyers

Best Lawyers Award Badge

Best Lawyers Award Badge

Clerkships

  • Honorable Alfred M. Wolin, Superior Court of New Jersey

Education

Seton Hall University School of  Law (J.D., 1984)

St. Michael's College (B.A., 1980)

Admissions

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