Commercial Real Estate Development

Developing Northwest
Arkansas from
the ground up.

Opportunistic retail and industrial development
in one of America's fastest-growing markets —
grounded in local expertise and disciplined execution.

Learn More
Scroll
01About

Four generations
of building something
lasting in Northwest
Arkansas.

Altus Development Partners is a commercial real estate development firm focused exclusively on Northwest Arkansas — a market we don't just work in, but come from. We pursue opportunistic retail and industrial development in corridors positioned for sustained economic expansion, grounded in the kind of local knowledge that only comes with generational ties to a place.

Founded by two brothers with complementary expertise in commercial construction and investment analysis, Altus brings an integrated perspective to every project — from site selection and feasibility through capitalization, entitlement, and delivery.

We believe enduring value is created by those who understand a market deeply, execute with discipline, and build relationships that outlast any single transaction.

Our Roots
"Northwest Arkansas isn't just our market — it's where our family has lived, worked, and built for generations."
The Shaw family's connection to Northwest Arkansas spans four generations, rooted in the entrepreneurial tradition of the region. Our great-grandfather built one of the area's most significant early businesses from the ground up in Elm Springs — at a time when Northwest Arkansas was just beginning to find its footing. That legacy of building from scratch, with discipline and long-term conviction, is something we carry forward in everything Altus does. Both Mason and Connor grew up in NWA and went on to study at the Sam M. Walton College of Business at the University of Arkansas — the same institution that later honored their great-grandfather as a member of its Business Hall of Fame.
4th
Generation NWA Family
NWA
Born & Raised
U of A
Walton School of Business
2025
Founded
02Team
Co-Founder & Principal
Mason Shaw
Mason brings a professional background in commercial real estate appraisal and brokerage, with experience spanning market analysis, investment underwriting, and asset-level due diligence across a range of commercial property types. His time with a national CRE firm and as a licensed commercial broker gives him a dual perspective on both the valuation and transaction sides of the business. At Altus, Mason leads deal origination, investment underwriting, and capital relationships.
Walton College of Business · University of Arkansas
Co-Founder & Principal
Connor Shaw
Connor brings extensive commercial construction experience in Northwest Arkansas, with hands-on expertise overseeing ground-up projects across retail, industrial, and mixed-use product types. His deep knowledge of the NWA construction landscape — from subcontractor networks and cost management to schedule execution — gives Altus a meaningful operational advantage from the first shovel in the ground. At Altus, Connor leads development execution and project delivery.
Walton College of Business · University of Arkansas
03Strategy

A focused, disciplined approach — targeting specific product types, specific submarkets, and opportunities where our team's expertise creates a genuine edge.

01
Market Focus
We concentrate exclusively on Northwest Arkansas — a market we know street-by-street. Rather than chasing deals across geographies, we invest in deep local relationships with brokers, municipalities, landowners, and tenants. That proximity creates sourcing advantages that don't appear on a spreadsheet.
02
Product Discipline
Altus targets grocery-anchored outparcels, retail strip centers, and tilt-wall industrial — product types where NWA fundamentals are strong, tenant demand is demonstrable, and our team's construction and valuation experience provides a real underwriting edge. We don't develop speculatively outside our core competencies.
03
Integrated Execution
The combination of construction expertise and investment analysis within a single partnership is uncommon at our stage. We underwrite deals knowing what they actually cost to build, and manage projects knowing what they need to be worth at delivery. That integration reduces risk and creates value throughout the development cycle.
Our Thesis
"Northwest Arkansas is in the early innings of a long-cycle growth story. The market's fundamentals — population growth, institutional employers, and sustained in-migration — are creating durable demand for quality commercial space that existing supply has not yet met."
04Market
Primary Market
Northwest
Arkansas
Benton & Washington Counties, AR
Northwest Arkansas has emerged as one of the fastest-growing and most economically dynamic metros in the United States. Anchored by the global headquarters of Walmart, Tyson Foods, and J.B. Hunt Transport, the region attracts sustained corporate investment, a growing professional workforce, and consistent in-migration. Retail demand continues to outpace supply across the Fayetteville-Springdale-Rogers-Bentonville corridor, while quality industrial inventory remains markedly constrained.
3 F500
Global HQs
Top 5
Fastest-Growing MSAs
600K+
MSA Population
20+ Yrs
Sustained Population Growth
Home to three Fortune 500 global headquarters, driving sustained corporate investment and a growing professional workforce
Consistent in-migration from major metros creating durable demand for necessity retail, food and beverage, and service tenants
Grocery-anchored retail fundamentals among the strongest in the mid-South, with trade area population growth outpacing new supply
Constrained tilt-wall industrial inventory creating near-term development opportunity for quality small-bay and regional-distribution product
University of Arkansas anchors a year-round population base and expanding healthcare and knowledge-economy employment cluster
Broad submarket coverage across the Bentonville-Rogers-Springdale-Fayetteville corridor in Benton and Washington counties
05 Current Projects
Active Pipeline

Something is
being built.

Altus is actively sourcing and underwriting development opportunities across Northwest Arkansas. Project announcements are forthcoming as deals move through our pipeline. Check back soon — or reach out directly if you have a site, a tenant relationship, or an investment interest.

01
Focus
Grocery-anchored outparcels and retail strip centers in high-growth NWA corridors
02
Stage
Active site selection, landowner outreach, and deal underwriting underway across Benton and Washington counties
03
Inquiries
Brokers, landowners, and prospective tenants — we want to hear from you
06Contact

Let's talk about what we're building.

Whether you're a broker with a site, a prospective tenant, an investor, or a contractor — we'd like to hear from you.

Mason Shaw
mason.shaw@altusdevpartners.com
Connor Shaw
connor.shaw@altusdevpartners.com
Web
altusdevpartners.com