Wrinkle-free deal? Botox parent Allergan CEO sells Palm Beach Gardens home

AbbVie set to buy Allergan for $63B; current CEO would join new board

Miami /
Sep.September 05, 2019 05:30 PM
Brenton Saunders and 14630 Watermark Way

Brenton Saunders and 14630 Watermark Way

If Allergan CEO Brenton Saunders could turn back time, would he still buy a luxury Palm Beach Gardens home last year, only to sell it for less than a year later for a loss?

Saunders, who works for the company that manufacturers drugs like Botox, Restasis, CoolSculpting, Juvederm and Lo Loestrin Fe, sold the waterfront six-bedroom, 7,522-square-foot house at 14630 Watermark Way for nearly $6.5 million. He and his wife, Amy, paid $6.6 million for the home nearly a year ago.

Property records show the couple just sold the house to Jared and Loretto Roth. It was built in 2016.

In June, biopharmaceutical group AbbVie Inc. agreed to acquire Allergan in a cash and stock deal that would value the Botox maker at about $63 billion, according to the company’s second quarter earnings. Saunders will join the board when the deal closes in early 2020 and AbbVie’s current chairman and CEO will stay in that position.

Saunders is currently president, chairman and CEO of Allergan, reportedly earning $32.8 million in 2017, Bloomberg reported. He previously led Forest Laboratories and Bausch + Lomb as CEO.

The Palm Beach Gardens property features 157 feet of frontage on the Intracoastal Waterway and is in the Harbor Place community, next to the Bears Club in Palm Beach Gardens.

Last year, PGA pro Rory McIlroy sold his waterfront mansion nearby at 2380 Old Gate Lane to a trust for $11.15 million.


Related Articles

arrow_forward_ios
Charl A. Schwartzel and 12247 Tillinghast Circle, Palm Beach Gardens
Pro golfer Charl Schwartzel sells Palm Beach Gardens mansion for $9M
Pro golfer Charl Schwartzel sells Palm Beach Gardens mansion for $9M
Avenir Development's Rosa Schechter and the Avenir project in Palm Beach Gardens
Avenir developer in Palm Beach Gardens pays $69M for more acreage
Avenir developer in Palm Beach Gardens pays $69M for more acreage
Lone Star Funds founder and chair John Grayken, Discovery Senior Living exec Richard Hutchinson and the Palm Beach Gardens location of Discovery Senior Living. (Discovery, Getty)
Lone Star Funds buys two Palm Beach County senior living complexes for $57M
Lone Star Funds buys two Palm Beach County senior living complexes for $57M
ABS National Business Parks manager Gregg Schenker, Stiles CEO Kenneth Stiles and Garden Plaza in Palm Beach Gardens (CBRE, Stiles, ABS)
Stiles sells Palm Beach Gardens office complex for $31M
Stiles sells Palm Beach Gardens office complex for $31M
Simon Gregg with the property (Trans Am)
Trans Am champ pulls into Palm Beach Gardens mansion for $9M
Trans Am champ pulls into Palm Beach Gardens mansion for $9M
Greg Norman with 382 South Beach Road and 12227 Tillinghast Circle (Getty, Shawn Hood Media, Google Maps)
Greg Norman picks up Palm Beach Gardens manse after selling Jupiter Island estate for $55M
Greg Norman picks up Palm Beach Gardens manse after selling Jupiter Island estate for $55M
Dustin Johnson and 15106 Palmwood Road (Getty, Flexmls)
Hole in one: Pro golfer Dustin Johnson sells Palm Beach Gardens estate
Hole in one: Pro golfer Dustin Johnson sells Palm Beach Gardens estate
PulteGroup's Brent Bake a rendering of the site in Avenir
Pulte buys site at Avenir in Palm Beach Gardens, plans 390-home development
Pulte buys site at Avenir in Palm Beach Gardens, plans 390-home development
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...