North Shepherd Fiesta is closing

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Which supermarkets cater to the richest counties - and the poorest? On average, counties with any grocery store have a median income of $50,000, according to Time. See the ... more Photo: James Nielsen, Chronicle Photo: James Nielsen, Chronicle Image 1 of / 26 Caption Close North Shepherd Fiesta is closing 1 / 26 Back to Gallery

After some 40 years in business, the Fiesta Mart at 2300 N. Shepherd is shuttering.

A company spokesman said Friday the store is closing for "business reasons."

"It's an older facility and we just felt like we could invest the money wiser on some of our other stores," said David de Kanter, who estimates about 100 people work at the store.

Last year, private equity firm Acon Investments based in Washington, D.C. purchased the grocery chain from the Levit family of Houston.

The North Shepherd store has been leasing its building, which is owned by the Levit family.

Once the store closes, there will be 59 Fiesta stores.