Kroger affiliate buys ex-Lowe's for King Soopers
Source: bizjournals.com
TL;DR
- Kroger Buys Lowe's: Kroger affiliate Dillon Companies bought the former Lowe's site in Louisville for $22.6 million to redevelop it into a King Soopers store.
- 122,000 Sq Ft Marketplace: The property at 1171 W. Dillon Road will become a 122,000-square-foot King Soopers Marketplace with drive-thru pharmacy and fuel center.
- Shift from Biotech: Site previously considered for biotech and advanced manufacturing now goes to grocery use.
The story at a glance
A Kroger affiliate purchased the former Lowe's building at 1171 W. Dillon Road in Louisville, Colorado, for $22.6 million from seller DRA Advisors. King Soopers plans to convert the 122,000-square-foot property into one of its Marketplace stores. The story reports on this commercial real estate deal now after the sale closed last week.[[1]](https://www.connectcre.com/stories/denver-grocer-to-take-former-lowes-property)[[2]](https://www.bizjournals.com/denver/news/2026/04/09/king-soopers-louisville-redevelopment-grocery-cre.html)
Key points
- Buyer is Dillon Companies LLC, a Kroger affiliate, which owns the King Soopers chain.
- Seller DRA Advisors acquired the site for over $13 million in 2024.
- Property located at northwest corner of Highway 36 and McCaslin Boulevard.
- King Soopers Marketplace format includes pickup and delivery services, drive-thru pharmacy, and fuel center.
- Site was formerly a Lowe's Home Improvement store and eyed for biotech or advanced manufacturing.
- Construction already underway, with prior company statements pointing to summer 2026 opening.
Details and context
The Denver Business Journal article focuses on this recent $22.6 million sale in the commercial real estate beat, highlighting the shift from potential high-tech uses to retail grocery.[[1]](https://www.connectcre.com/stories/denver-grocer-to-take-former-lowes-property)
DRA Advisors flipped the property after buying it two years earlier, showing investor interest in Louisville's retail potential northwest of Denver.
King Soopers Marketplace stores feature expanded amenities beyond standard groceries, aligning with the chain's growth in the Front Range area.
Key quotes
None reported in visible previews or matching coverage.
Why it matters
This deal underscores retail resilience in repurposing big-box vacancies amid shifting commercial property demands. Local shoppers and businesses gain a modern grocery with added services like EV charging and pharmacy access, plus over 250 jobs expected. Watch for the store's opening timeline and any construction updates, as prior projections targeted summer 2026 but could shift.
What changed
The site operated as a Lowe's home-improvement store before closing and standing vacant. DRA Advisors bought it in 2024 for over $13 million, considering biotech or advanced manufacturing redevelopment. Kroger's affiliate purchased it last week for $22.6 million, confirming grocery store conversion.
FAQ
Q: What is the exact address of the former Lowe's site?
A: The property is at 1171 W. Dillon Road (also noted as 1171 Dillon St.), on the northwest corner of Highway 36 and McCaslin Boulevard in Louisville, Colorado. It spans 122,000 square feet. King Soopers plans to redevelop it into a Marketplace store.
Q: Who sold the property and for how much?
A: DRA Advisors sold it to Dillon Companies LLC, a Kroger affiliate, for $22.6 million. DRA had purchased the site itself for over $13 million in 2024.
Q: What prior uses were considered for the site?
A: The site was formerly a Lowe's store and later eyed as a biotech and advanced manufacturing center. Those plans did not advance, leading to the grocery redevelopment.
Q: What features will the new King Soopers include?
A: The 122,000-square-foot Marketplace will offer pickup and delivery services, a drive-thru pharmacy, and a fuel center.