Philip F. McGovern, Jr.

Partner, Jersey City Office

Harborside Financial Center

2510 Plaza Five

Jersey City, NJ 07311

Phone:  (201) 521-1000

 

pmcgovern@connellfoley.com

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Representative Experience

Philip F. McGovern, Jr. is the Managing Partner of Connell Foley’s Jersey City, New Jersey office where he and other members of the firm focus primarily on real estate development, land use, complex commercial financing and commercial leasing. During the course of his career, he has represented the United Parcel Company in connection with the acquisition and development of its worldwide communications facility in Mahwah New Jersey, Merrill Lynch & Co., in the restructuring of a mixed use residential/commercial development in Charlestown, Massachusetts, Alexandria, Virginia and Waco, Texas during the market-depressed 1990’s.

More recently, Mr. McGovern has represented the Shell Oil Company in the negotiation and disposition of over 350 service stations throughout the tri-state area. He has also 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.  

Mr. McGovern currently serves as national real estate counsel to Telcordia Technologies and outside real estate counsel to the New Jersey Natural Gas Company. Prior to joining Connell Foley, Mr. McGovern served as Law Secretary to Honorable Alfred M. Wolin, U.S. District Court, District of New Jersey, during the 1984-1985 term. He is the past Secretary to the Supreme Court of New Jersey District Ethics Committee and a Member of the Essex County, Hudson County, New Jersey State (General Practice Section) and American (Sections on Real Property, Probate and Trust Law, and Business Law) Bar Associations.

Additionally, Mr. McGovern is a member of the Board of Trustees for St. Peter’s Preparatory High School, Jersey City, New Jersey (2004 to present) and Chairman of the Township of Nutley Planning Board (1998 to present).

Practice Areas:

Real Estate Law and Transactions

Banking Law and Financing

Business Litigation

 

Admitted to Practice:

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

 

Education:

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

Seton Hall University (J.D., 1984)

Affiliations:

American Bar Association

Essex County Bar Association

Hudson County Bar Association

New Jersey State Bar Association


Representative Experience

$19 million stock sale of a financial services corporation with stock options in acquiring a corporation valued up to an additional $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 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.