Published by The Real Deal South Florida, April 6, 2021
Glenn C. Rice, the president of a pharmaceutical development and manufacturing company, bought a waterfront Las Olas Isles home in Fort Lauderdale, Florida for $15.7 million, three months after selling a Seven Isles mansion for $12.8 Million.
Records show Rice and his wife, Cynthia Anne Hoy, as trustees of the Glenn C. Rice and Cynthia Anne Hoy Revocable Trust, bought the house at 650 San Marco Drive in Fort Lauderdale from Rajiv and Latika Jain. Rice is president of Houston-headquartered MetronomX, a drug development company he co-founded in 2010. He was formerly president and COO of pharmaceuticals company Pharmacyclics, and was the vice president of research at ILEX Oncology, which sold for $1 billion in 2004, according to MetronomX’s website. Rajiv Jain is a partner, chairman and chief investment officer of GQG Partners, an investment management firm headquartered in Fort Lauderdale.
Broward County property records show that the 7,762-square-foot house was built in 1993. According to the listing, the home was renovated in 2011. The property also features 425 feet of deep water frontage.
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