Andronico's is closing one of its three remaining stores in Berkeley, the 82-year-old supermarket chain announced Friday.

With the closure of its Telegraph Avenue store, the chain now has five locations: San Francisco, San Anselmo, Los Altos and two in Berkeley. It also recently closed its University Avenue store in Berkeley.

Andronico's spokesman Adam Alberti said Friday the exact closure date for the Telegraph Avenue store is yet to be determined.

The longtime Bay Area chain is in the middle of a restructuring under new owners, Renovo Capital, which bought it last month.

MBA BY THE BAY: See how an MBA could change your life with SFGATE's interactive directory of Bay Area programs.

"Investment in the future of Andronico's Markets can begin now that we are financially stable after the sale of the company to Renovo Capital," Bill Andronico, a member of the family that founded the markets, said in a statement Friday. "Our focus now is to build upon the strong brand built over three generations."

Founded by Frank Andronico in Berkeley in 1929, it was one of the Bay Area's first family-owned upscale supermarket chains. At its height, it had 14 stores in the Bay Area.

The company floundered after taking on too much debt during an expansion in Danville, Walnut Creek and Emeryville that began in the late 1990s. Those stores have since closed. Its Palo Alto location shuttered in July.

Renovo is part of an investment group that earlier this year rescued another faltering Bay Area food chain, A.G. Ferrari Foods.