The unknown buyer who paid over $10 million last year for a three-house compound on Powder Point is unknown no longer. Friday’s Wall Street Journal confirmed that the new tenants of the 15-acre Standish St.

The unknown buyer who paid over $10 million last year for a three-house compound on Powder Point is unknown no longer. Friday’s Wall Street Journal confirmed that the new tenants of the 15-acre Standish St.

The unknown buyer who paid over $10 million last year for a three-house compound on Powder Point is unknown no longer.

Friday’s Wall Street Journal confirmed that the new tenants of the 15-acre Standish St. estate are New York Stock Exchange interim chairman John Reed and his wife Cynthia.

Reed became chairman and chief executive officer for the NYSE around the same time he purchased the property last September.   In January, a new CEO was appointed but Reed has maintained his interim chairman status.

A native of Chicago, Reed has local ties through joint Bachelor of Arts and Bachelor of Science degrees from Washington and Jefferson College and the Massachusetts Institute of Technology earned in 1961.  Four years later, he received his Master of Science degree from MIT at the Sloan School.

In 2000, Reed retired after 35 years with Citibank, Citicorp and Citigroup which included 16 years as the corporation’s chairman and CEO.

While Reed’s future at the NYSE is unknown after a new chairman is named, one certainty is that he’ll have a lot of room to relax on his new Duxbury property.

The estate includes a beach house, a restored guest house built in 1666 by Alexander Standish, son of Myles Standish, as well as a 14,000-square foot, 15-room main house that features views of the ocean and a pond on the property.

Don Schleicher and his wife Susan decided to sell the estate last year after their youngest child left for college. The Schleichers have lived on the land for nearly ten years, first as renters of the beach house and then as owners of the entire property, constructing the main house in 1995.