Industrial real estate sales were down nationally in the second quarter of 2020, but that decline was smaller than those experienced by other real estate sectors, according to a recent analysis by Real Capital Analytics.

Demand for distribution warehouses helped to bolster industrial real estate deals, which totaled $11.1 billion in the quarter that ended in June, the report notes. A third of that deal volume centered on distribution warehouses, which highlight their key role in the logistics of online retail—a sector that has flourished amid the COVID-19 pandemic. Investors have continued to show interest in these properties because they are essential to getting online purchases and deliveries into the hands of customers.

The report offers a sampling of distribution warehouse sales in which either Amazon or FedEx are the sole tenants. The largest such transaction was the June $176 million sale of Wisconsin's Kenosha Enterprise Park—a 1.5 million-square-foot distribution center rented by Amazon. The buyer, KKR Real Estate, paid $115 per square foot for the property.